Texas Relinquishment Provision - All offset Wells

State:
Multi-State
Control #:
US-OG-716
Format:
Word; 
Rich Text
Instant download

Description

This clause addresses the responsibilites in the event any Party elects not to participate in the drilling of a well and provides for the relinquishment of interest and assignments by that party.

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FAQ

Can I drill a well on my property? Texas operates under what's called a ?rule of capture,? which means if you own the land, you can drill a well there. If you're located within a groundwater conservation district, however, you'll have to abide by their regulations on groundwater withdrawal.

Code §3.39(a). 15 - Smith & Weaver, supra note 3, at §9.3(B). Under Statewide Rule 38, the drilling unit size for wells subject to state- wide rules is 40 acres, though special field rules may set different density requirements.

Additionally, there is a provision in the Texas Local Government Code Section 253.005 that provides ?a well may not be drilled in the thickly settled part of the municipality or within 200 feet of a private residence.? While the Railroad Commission seems to read this as applicable to any land leased within a ...

Typically a new well drilled in the WNF will require, on average, a 0.69-acre well-pad area (150 by 200 ft.) to be cleared and leveled. Wells drilled to formations over 5,000 feet deep use a larger drill rig and would need a 1.1 acre (250 by 200 ft.) well pad area cleared.

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Texas Relinquishment Provision - All offset Wells