Oklahoma Wellbore Assignment, Conveyance, Bill of Sale, and Release
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FAQ
What Is a Wellbore? A wellbore is a hole that is drilled to aid in the exploration and recovery of natural resources, including oil, gas, or water. A wellbore is the actual hole that forms the well. A wellbore can be encased by materials such as steel and cement, or it may be uncased.
Wellbore ? The drilled hole, including the open hole or uncased portion of the well. Wellhead ? The surface termination of a well bore, including the facilities for installing casing hangers, production tubing, and surface flow-control equipment.
A drilling rig is an integrated system that drills wells, such as oil or water wells, or holes for piling and other construction purposes, into the earth's subsurface.
Wellbore. An assignment can be limited to the wellbore of a well. A wellbore limitation means that the assignor is assigning only those rights to production from the wellbore of a certain well, arguably at the total depth it existed at the time of the assignment.
The wellhead is a combination of valves, fittings, and piping that controls the flow of gas into and out of the underground storage formation. The wellhead is connected to the top of the wellbore, which extends from the surface down into the storage formation and provides the pathway for gas into and out of storage.
A well will not be drilled all the way through in one go; instead, there will be several stages of drilling. Each section will involve drilling the hole to a certain depth and then running in and cementing metal casing onto the rock surface of the borehole wall before going any farther (Figure 3).