South Carolina Farmout - Horizontal Wells

State:
Multi-State
Control #:
US-OG-704
Format:
Word; 
Rich Text
Instant download

Description

Should any Party elect not to participate in any Horizontal Exploratory Well, other than the Initial Well proposed under the terms of the Agreement, the non-participating Party agrees to farmout to the participating Parties its interest.

How to fill out Farmout - Horizontal Wells?

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FAQ

There are 4 Stages in the Horizontal Directional Drilling Process. Directionally drilling the pilot hole. Directional drilling pre-ream. Directional drilling pull back. Horizontal Directional Drilling (HDD) Process directionaltech.com ? installation directionaltech.com ? installation

Horizontal drilling is the process of drilling a well from the surface to a subsurface location just above the target oil or gas reservoir called the ?kickoff point?, then deviating the well bore from the vertical plane around a curve to intersect the reservoir at the ?entry point? with a near-horizontal inclination, ...

One example is where it is projected that the farmee will pay for 75% of the drilling costs, the parties may agree that upon meeting the earning barrier, the farmee will obtain a 75% interest in the acreage committed to the well, or even the entire contract area.

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South Carolina Farmout - Horizontal Wells