This form is used in the event any part to this Agreement elects not to participate in a Horizontal Exploratory Well, the non-participating party shall, on commencement of operations for the well, relinquish to the participating party one hundred percent (100%) of its rights, title, and interests in and to that portion of the Contract Area included within the Drilling Unit for the well and one hundred percent (100%) of the party’s rights, title, and interests in and to that portion of the Contract Area.
Pennsylvania Relinquishment Provision - Horizontal Well
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Multi-State
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US-OG-718
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Word;
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FAQ
In Pennsylvania, state law allows drilling up to 500 feet from a home. Across the commonwealth, nearly 1.5 million people live within a half mile of active oil and gas wells, compressors or processing stations.
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.
Unconventional Resources are oil or gas-bearing units where the permeability and porosity are so low that the resource cannot be extracted economically through a vertical well bore and instead requires a horizontal well bore followed by multistage hydraulic fracturing to achieve economic production.
--Wells may not be drilled within 200 feet, or, in the case of an unconventional gas well, 500 feet measured horizontally from the vertical well bore to a building or water well, existing when the copy of the plat is mailed as required by section 3211(b) (relating to well permits) without written consent of the owner ...
Fracking has been safely used in the United States since 1947. More than 1.7 million U.S. wells have been completed using the fracking process, producing more than seven billion barrels of oil and 600 trillion cubic feet of natural gas.
How much land in Pennsylvania has been affected by Marcellus Shale drilling? As of August 2012, about 6,400 Marcellus wells had been drilled in Pennsylvania and nearly 2,500 additional permits had been issued. On average there were two wells per pad, or roughly 3,200 pads in the state.
Many landowners signed leases with the statutory minimum royalty of 12.5 percent. This minimum royalty is guaranteed by Pennsylvania's Guaranteed Minimum Royalty Act (GMRA). Pursuant to the GMRA, an oil and gas lease is invalid unless it guarantees the landowner a production royalty of at least 12.5 percent.
Pennsylvania has upwards of 200,000 estimated orphan and abandoned wells, many drilled before modern regulations took effect. The state has documented about 25,000 of these wells. Pennsylvania got $25 million in the first round of well-plugging money.
