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
Oregon Proprietary Technology refers to a specialized technological approach used in the oil and gas industry, specifically focusing on horizontal well drilling methods. This advanced proprietary technology allows for the efficient extraction of natural resources from unconventional reservoirs, ensuring optimum production rates and reducing overall operational costs. A horizontal well, as the name suggests, refers to a well bore that deviates from the traditional vertical drilling method. Instead, it goes horizontally across the desired reservoir, exposing a larger surface area for resource extraction. This technique allows for better contact with the reservoir rock, maximizing the flow of oil or gas. Restriction on disclosure is a crucial aspect of Oregon Proprietary Technology. It implies that companies utilizing this technology are required to refrain from disclosing detailed information about their proprietary methods, processes, and equipment used in horizontal well drilling. Generally, this restraint is put in place to safeguard valuable intellectual property, trade secrets, and competitive advantage. There may be various types of Oregon Proprietary Technology Horizontalel— - Restrictions on Disclosure: 1. Drilling Techniques: Different methods and approaches are used for drilling horizontal wells, which may vary based on the geological conditions, reservoir characteristics, and well objectives. The specifics of these drilling techniques often fall under the restriction on disclosure due to their innovation and uniqueness. 2. Well Completion Technologies: In order to optimize production rates and maximize reservoir contact, various completion technologies are employed in horizontal wells. These include hydraulic fracturing (fracking), sand control techniques, multi-stage stimulation, and other proprietary technologies that enhance well performance. These well completion technologies are often considered proprietary and thus subject to restrictions on disclosure. 3. Reservoir Evaluation and Monitoring: Advanced technologies are employed to assess and monitor the reservoir's behavior, including real-time measurements of pressure, temperature, fluid flow rates, and other relevant parameters. These reservoir evaluation and monitoring techniques, which aid in optimizing production and recovery, may be proprietary and subject to disclosure restrictions. 4. Surface Equipment and Control Systems: Oregon Proprietary Technology may also encompass unique surface equipment and control systems designed to enhance operational efficiency, safety, and sustainability. These systems, including automation technologies, data analytics, and equipment design, may be classified as proprietary and limited in disclosure. In conclusion, Oregon Proprietary Technology Horizontalel— - Restriction on Disclosure encompasses various innovative drilling, completion, reservoir evaluation, and surface equipment technologies uniquely designed for horizontal well drilling in the oil and gas industry. These technologies are subject to restrictions on disclosure to protect valuable trade secrets and maintain competitive advantage.
