Ohio Well Takeover

State:
Multi-State
Control #:
US-OG-491
Format:
Word; 
Rich Text
Instant download

Description

This is a Well Takeover form, the assignor shall have the option to take over any well, such option to be exercised by mailing or otherwise giving notice to assignee of assignors intention to take over a well.
Free preview
  • Preview Well Takeover
  • Preview Well Takeover

How to fill out Well Takeover?

US Legal Forms - one of the greatest libraries of authorized kinds in the United States - gives a variety of authorized file templates you are able to download or print out. Making use of the site, you will get thousands of kinds for enterprise and specific purposes, categorized by types, says, or keywords.You can find the most recent models of kinds like the Ohio Well Takeover in seconds.

If you currently have a subscription, log in and download Ohio Well Takeover through the US Legal Forms catalogue. The Down load option will appear on every single type you view. You gain access to all earlier saved kinds inside the My Forms tab of your respective accounts.

In order to use US Legal Forms the very first time, allow me to share easy recommendations to get you started off:

  • Make sure you have selected the proper type for the town/region. Go through the Preview option to check the form`s content. Browse the type outline to ensure that you have selected the appropriate type.
  • If the type doesn`t match your needs, utilize the Lookup area on top of the screen to get the one who does.
  • Should you be content with the form, verify your choice by visiting the Buy now option. Then, choose the rates plan you like and supply your references to register for an accounts.
  • Procedure the deal. Use your charge card or PayPal accounts to complete the deal.
  • Choose the file format and download the form on the product.
  • Make modifications. Fill out, change and print out and indicator the saved Ohio Well Takeover.

Every design you added to your bank account lacks an expiry time and is the one you have for a long time. So, if you wish to download or print out an additional version, just visit the My Forms section and click in the type you need.

Get access to the Ohio Well Takeover with US Legal Forms, by far the most considerable catalogue of authorized file templates. Use thousands of expert and status-certain templates that meet your small business or specific needs and needs.

Form popularity

FAQ

The Federal Orphaned Wells Program is a multi-agency effort led by the Orphaned Wells Program Office. The Law provides $250 million to federal land managers at the Department of the Interior and the Department of Agriculture to inventory, assess, plug and restore orphaned well sites.

Of the estimated 36,000 orphaned wells in Ohio, the Department maintains a limited database with an inventory of 1,000 wells.

Procedure for Taking Over an Orphan Well The acquiring operator must have an Active P-5. The acquiring operator cannot have outstanding final orders ("639"). The acquiring operator must be a "bonded operator" (Opt 1 or 2 financial assurance in the form of a performance bond, letter of credit, or cash deposit).

The Federal Orphaned Wells Program is a multi-agency effort led by the Orphaned Wells Program Office. The Law provides $250 million to federal land managers at the Department of the Interior and the Department of Agriculture to inventory, assess, plug and restore orphaned well sites.

All the debris and material need to be removed for successful plugging. Once the well is cleaned out, the plugging process begins by placing cement in the well through the gas and oil-producing zones. These cement plugs, at times, are spaced within the well using bentonite gel spacers (mixtures of clay and water).

The Orphan Well Program was established in 1977 to plug abandoned oil and natural gas wells. Ohio's program is recognized as one of the most well-funded and organized in the nation.

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.

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.)

Trusted and secure by over 3 million people of the world’s leading companies

Ohio Well Takeover