Oklahoma Well Proposal to Avoid Multiple Well Proposals

State:
Multi-State
Control #:
US-OG-721
Format:
Word; 
Rich Text
Instant download

Description

This form is pursuant with Article VI that there will be no notice which proposes the drilling of more than one well (including re-entry for Deepening or Sidetracking an abandoned well). Further, the provisions of Article VI, insofar as it pertains to notification by a part of its desire to drill a well, shall be suspended for so long as: (1) a prior notice has been given which is still in force and effect and the period of time during which the well provided for in the notice may be commenced has not expired; or, (2) a well is then being drilled.

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FAQ

A pooling order which pools interests of unknown or unlocated owners shall contain language to the effect that if any payment of bonus, royalty payments, or other payments due and owing under the order cannot be made because the person entitled to it cannot be located or is unknown, then the bonus, royalty payments, or ...

A pooling clause is a contractual provision that allows leased lands to be pooled with other tracts of land to form a drilling unit. This mostly happens when an individual's land doesn't meet the required minimum acreage needed for a drilling permit.

Pooling is the combining of all oil and gas interests in a drilling unit. In most cases, the owners of oil and gas rights in a unit sign a lease with a developer that allows for pooling. If there is more than one developer in a unit, they voluntarily agree on a development plan.

What is a Multi-unit Well? ? A horizontal well in a shale reservoir where the completion. interval of the well is located in more than one spacing unit. formed for the same shale reservoir - the well is producing from. the reservoir in two or more such spacing units.

Forced pooling is a procedure established by the Oklahoma legislature in 1945 to facilitate and simplify the exploration for oil and gas in the state. The forced pooling process is controlled by the Oklahoma Corporation Commission, the agency with primary regulatory power over the state's energy industry.

Order pooling means combining several different customers' orders on the same standard manufacturing panel. ?Order pooling? or ?pooling? is probably the most common name but the process is also called ?order combination?, ?panel sharing?, ?multi-panels? ?

A Pugh Clause terminates the lease as to the portions of the land that are not included in a unit if the lessee does not conduct independent operations. Therefore, the Pugh Clause requires the lessee to develop areas of the lease that are not included in a unit.

Declaration of a Pooled Unit Such a document delineates what portions of the leases are included in a unit. It also places third parties on notice. ing to the terms of the leases, any production from the wells in the pooled unit must maintain underlying leases or portions if this is applicable.

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Oklahoma Well Proposal to Avoid Multiple Well Proposals