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.
South Dakota Relinquishment Provision - Horizontal Well
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State:
Multi-State
Control #:
US-OG-718
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Word;
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FAQ
South Dakota leads in mica production It also produces construction sand and gravel, crushed stone, dimension stone, feldspar, gemstones, gold, gypsum, industrial sand and gravel, lime, and silver. Iron ore mined is used for cement clinker.
The Black Hills, South Dakota is one of the top 5 places in the U.S. for rocks and minerals. In addition to agate and rose quartz, there are more than 40 other minerals found here: including copper, silver, lead, tin, feldspar, spodumene, beryl, mica, quartz and gold.
The Top Mineral-Producing States in the U.S. RankStateShare of U.S. total1Arizona10.3%2Nevada9.1%3Texas8.2%4California5.7%6 more rows ?
Unless you are drilling your own well, you need to hire a well driller who is licensed to construct wells in South Dakota. It is highly recommended that you use a licensed well driller unless you are capable of constructing your own well in ance with the state well construction standards.
