New Mexico Reentry of Wells

State:
Multi-State
Control #:
US-OG-816
Format:
Word; 
Rich Text
Instant download

Description

This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.

How to fill out Reentry Of Wells?

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FAQ

How many abandoned wells are there? There were an estimated 1,700 abandoned wells as of 2021, ing to New Mexico's Oil Conservation Division of the Energy, Minerals and Natural Resources Department.

This updated map shows a total of 120,000 documented orphan wells across 30 states.

We maintain the New Mexico Library of Subsurface Data that contains completion records for all 110,000 wells drilled for oil and natural gas in the state, as well as electric logs, sample logs, drillers logs, and other well information.

We analyze data from up to 19,500 wells and find that median decommissioning costs are roughly $20,000 for plugging only, and $76,000 for plugging and surface reclamation. In rare cases, costs exceed $1 million per well.

It is unlawful to drill a water well without a well driller's license. A list of licensed well drillers is available on the Office of the State Engineer web site .ose.state.nm.us and at each district office.

Between 2015 and 2022, more than 600 oil and gas companies filed for bankruptcy, leaving thousands of wells unplugged. Market downturns affecting oil prices during the mid-2010s pushed many operations to insolvency.

What is the average depth an oil or gas well is drilled in New Mexico? 6,702 feet is the average depth of a well in New Mexico.

The depth of New Mexico water wells varies as per the area's elevation. If you live in an area at a lower elevation in the state, you will find water at a depth of approximately 200 feet. At higher elevations, water is usually found below 1000 feet.

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New Mexico Reentry of Wells