This form is used when any party electing not to participate in an exploratory well after the exploratory well has been drilled, relinquish and assign to the Drilling Party or Parties one hundred percent (100%) of its rights, title and interests in the Drilling Unit and the eight (8) Drilling Units directly and diagonally offsetting the Drilling Unit on which the well was drilled.
Virginia Relinquishment Provision - Exploratory Well
Category:
State:
Multi-State
Control #:
US-OG-717
Format:
Word;
Rich Text
Instant download
Description
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