Pennsylvania 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.
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FAQ

As of August 28, 2023, there are records of 218,960 drilled and proposed wells in Pennsylvania, which have been assessed 70,822 violations since 2008.

Extraction from the Marcellus shale is expected to last at most 92 years, not accounting for diminishing returns as gas is continuously extracted.

More than 350,000 orphaned wells across the commonwealth make up nearly 8% of the state's total methane emissions, the governor's office said.

Since the Well Plugging Program began, DEP has documented over 25,000 abandoned wells and plugged more than 3,000 wells.

Finding them requires metal detectors or other sophisticated electronic instruments, followed by excavation. Some abandoned wells are under buildings or roadways and may never be found. When searching for abandoned wells, a landowner must take on the role of an investigator.

Part of the problem, ing to Carrillo, is the average cost to plug wells is $68,000, yet the bond funding available per well is about $1,000, ing to the 2018 report.

A preliminary analysis from the NOI process indicates that there are over 130,000 documented orphaned wells in the United States ? nearly two-and-a-half times the amount previously estimated.

Oil and natural gas production (ONGP) is a prominent industry in Pennsylvania. To date, there have been approximately 350,000 conventional oil and natural gas and 13,000 unconventional natural gas wells drilled in the state.

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Pennsylvania Well Takeover