This provision is for an Agreement where there is the expectation that one or more horizontal wells may be drilled within the Contract Area. This section addresses the drilling of Horizontal Wells and that they shall remain the sole property and information of the Operator
Nevada Proprietary Technology Horizontalel— - Restriction on Disclosure Nevada's proprietary technology for horizontal well drilling and production plays a crucial role in the state's oil and gas industry. Designed to maximize oil and gas recovery from reservoirs, this cutting-edge technology offers several unique features that contribute to greater efficiency, sustainability, and profitability. The term "horizontal well" refers to a type of well bore that deviates from the vertical direction and runs parallel to the target formation. By drilling horizontally through the reservoir, Nevada's proprietary technology allows for greater exposure to the oil and gas-bearing rock layers, resulting in enhanced production rates compared to traditional vertical wells. One of the key advantages of Nevada's proprietary horizontal well technology is its ability to access previously untapped or challenging reservoirs. This technology enables the efficient extraction of hydrocarbons from unconventional formations such as shale, tight gas sands, and oil sands. By creating long lateral sections within these formations, the technology increases the contact area between the well bore and the reservoir, leading to improved production rates. Nevada's proprietary horizontal well technology incorporates state-of-the-art drilling techniques, including advanced measurement tools and real-time data analysis. These tools allow engineers to optimize drilling parameters such as trajectory, drill a bit of selection, and drilling fluid properties, ensuring precise well placement, improved well bore stability, and reduced environmental impact. Additionally, Nevada's proprietary technology includes innovative completion methods. These methods involve the installation of specialized completion equipment and techniques that enable effective reservoir stimulation and management. Through techniques such as hydraulic fracturing or acidizing, the technology enhances the permeability of the reservoir, facilitating the flow of oil and gas to the well bore. Nevada's proprietary technology for horizontal well drilling comes with certain restrictions on disclosure. These restrictions aim to protect the intellectual property and competitive advantage of the technology. Detailed information regarding the design, process, and implementation of the technology is treated as proprietary and confidential. Therefore, access to this sensitive information is limited to authorized personnel within the Nevada oil and gas industry. Different types of Nevada Proprietary Technology Horizontalel— - Restriction on Disclosure may include variations in specific drilling techniques, completion methods, and compatibility with different reservoir types. Each type may offer unique features and benefits that cater to specific geological formations or production objectives. In conclusion, Nevada's proprietary technology for horizontal well drilling and production represents a significant advancement in the oil and gas industry. Through its innovative design and cutting-edge features, this technology enables efficient extraction of hydrocarbons while ensuring sustainability and environmental responsibility. However, due to its proprietary nature, specific details regarding the technology are restricted from disclosure, safeguarding its competitive edge in the market.
