This form is used to commence revenue payments when ownership is being transferred between parties. The Transfer Order includes the name of each interest owner, the interest for each interest owner, a legal description of the property, and the operator's name.
Ohio Oil and Gas Transfer Order
State:
Multi-State
Control #:
US-OG-324
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Oil And Gas Transfer Order?
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FAQ
The source rocks in Ohio have been identified as the Point Pleasant Formation, the Olentangy and Ohio Shales, the Sunbury Shale, and Pennsylvanian-age coal beds. Conventional oil and gas reservoirs typically are sandstones, limestones, and dolomites that trap oil and gas in pore spaces of the rock.
Typically a new well drilled in the WNF will require, on average, a 0.69-acre well-pad area (150 by 200 ft.) to be cleared and leveled. Wells drilled to formations over 5,000 feet deep use a larger drill rig and would need a 1.1 acre (250 by 200 ft.)
It costs $250,000 to drill a natural gas well. Operating expenses will be 10% of the revenue from the sale of natural gas from this particular well. If found, natural gas from a highly productive well will amount to 260,000 cubic feet per day. The probability of locating such a productive well, however, is about 10%.
While most conventional gas can be found just a few thousand meters deep, deep natural gas is located in deposits at least 4,500 meters (15,000 feet) below the surface of Earth. Drilling for deep natural gas is not always economically practical, although techniques to extract it have been developed and improved.
Section 1509.31 | Operation of well; notice to holder of royalty interest of assignment or transfer of entire interest in lease.
In 2021, the average oil well produced 26 b/d (or roughly 33.5 BOE/d if including natural gas), and the average natural gas well produced about 181,647 cf/d (slightly more than 33.5 BOE/d of total oil and natural gas). The distribution by well size, however, is generally skewed.
Typically a new well drilled in the WNF will require, on average, a 0.69-acre well-pad area (150 by 200 ft.) to be cleared and leveled. Wells drilled to formations over 5,000 feet deep use a larger drill rig and would need a 1.1 acre (250 by 200 ft.)
ODNR-DOGRM has sole and exclusive authority to regulate oil and gas wells and production operations within the state, including waste substances containing NORM or TENORM.
