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.
Wisconsin Over-Production and Under-Production of Gas
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Multi-State
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US-OG-502
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FAQ
Wisconsin imports coal, primarily from Wyoming, and natural gas from Oklahoma, Texas, Louisiana, Kansas, and Canada. Transitioning to renewable energy sources would keep energy dollars in-state and promote investment in Wisconsin's economy. Wisconsin also lacks crude oil resources and no operating refineries.
Natural gas, coal, and nuclear energy generate most of Wisconsin's electricity.
1. Texas Total barrels annually (2022): 1.84 billion2. Share of U.S. production (2022): 43.02%2. Barrels per month (April 2023): 161.95 million9.
Most of the world's largest oilfields are located in the Middle East, but there are also supergiant (>10 billion bbls) oilfields in Brazil, Mexico, Venezuela, Kazakhstan, and Russia.
First, imagine the depth of the Grand Canyon. The average Texas oil well is 900 feet deeper again - but this is quite literally just scratching the surface. Hydraulic fracturing reaches depths ranging from 5,000 feet to 20,000 feet.
Reserves. There is no oil or gas activity in Wisconsin due to limited crude oil and natural gas reserves.
Electric Power Generation: 63.7 TWh (2% total U.S.)
The total number of operating U.S. oil and natural gas wells has decreased about 11.1% from a peak in 2014 to 2021?from more than 1,031,183 wells to about 916,934 wells. The total number of horizontally drilled wells has increased 67.9%, from slightly less than 99,000 wells in 2014 to about 166,160 wells in 2021.
