This is a form dealing with the Over-Production and Under-Production of Gas, the event Assignor's gas production, if any, from the Assigned Property is in excess of or less than Assignor's interest in the Property, then Assignee shall acquire Assignor's interest subject to that over-production or under-production.
Utah Over-Production and Under-Production of Gas
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Multi-State
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US-OG-502
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Word;
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FAQ
Texas is by far the largest oil-producing state in the United States.
Examples of uneven distribution of resources could include Utah's unique geologic history that led to the formation and irregular distribution of natural resources like copper, gold, natural gas, oil shale, silver and uranium.
In fact, Utah has over 200 oil and gas fields and 5200 producing wells; more than 1.2 billion barrels of oil and 7.8 trillion cubic feet of gas have flowed from these fields! Utah consistently ranks in the top 15 oil-and-gas-producing states.
Basic Info. Utah Crude Oil Production is at a current level of 4.929M, up from 4.667M last month and up from 4.337M one year ago. This is a change of 5.61% from last month and 13.65% from one year ago.
In fact, Utah has over 200 oil and gas fields and 5200 producing wells; more than 1.2 billion barrels of oil and 7.8 trillion cubic feet of gas have flowed from these fields! Utah consistently ranks in the top 15 oil-and-gas-producing states. Oil and gas pipelines crisscross many areas of Utah.
In Utah, coal generates about 82 percent of all electricity; generat- ing this electricity consumes 60 percent of the total coal produced in Utah.
Utah also produces a significant amount of crude oil, primarily from the Uintah Basin in the eastern part of the state. Public lands are offered for oil and gas leasing after they are nominated by the industry and the BLM evaluates environmental factors.
Utah is an energy-rich state. The state has reserves of natural gas and coal, as well as the potential to generate renewable energy supplies from solar, wind, and geothermal sources.
