Vermont Farmout - Horizontal Wells

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

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FAQ

Well Drilling Costs By State StateAverage Cost Per FootTennessee$27 ? $60Texas$28 ? $62Utah$27 ? $59Vermont$27 ? $5843 more rows ?

A horizontal well is a type of directional drilling technique where an oil or gas well is dug at an angle of at least eighty degrees to a vertical wellbore.

The length of the horizontal section, or lateral, can range from a few hundred feet to several miles. Hydraulically fractured horizontal wells have accounted for most of all new wells drilled and completed since late 2014.

How Deep Should A Well Be For Drinking Water? It is recommended that wells used for drinking water be at least one hundred feet deep to prevent surface contaminants from falling into the well. The typical depth of a well for a private residence ranges anywhere from 100 to 800 feet.

Any person who intends to engage in the business of drilling water and/or monitoring wells must obtain a license to do so.

Horizontal wells are used in situations where the reservoir is abnormally shaped, or excavation is impossible. Horizontal drilling is preferred over vertical drilling due to its ability to access subsurface reservoirs that are not accessible from directly above.

Depending on the conditions of the weather, ground and water depth as well as drilling conditions, it typically takes 1 to 3 days, sometimes longer, to drill a well. You should keep in mind that these factors vary from one site to another and from one well to another.

The Vermont Department of Environmental Conservation (DEC) sets standards for location, construction and water quality testing of drilled wells, dug wells and springs. The DEC also requires all well drillers in Vermont to be licensed. Keep chemicals away from your private water supply.

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Vermont Farmout - Horizontal Wells