Wyoming Ratification of Unit Agreement

State:
Multi-State
Control #:
US-OG-385
Format:
Word; 
Rich Text
Instant download

Description

This form is used when owner desires to ratify, adopt, and become bound by the Unit Agreement to the extent of the owner's interest in Oil and Gas Leases, mineral, royalty, and/or leasehold interests, and lands included in the Unit.

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FAQ

In instances where payment cannot be made for any reason within the time limits specified in W.S. 30-5-301(a), the lessee or operator, purchaser or other party legally responsible for payment shall deposit all proceeds credited to the eventual interest owner to an escrow account in a federally insured bank or savings ...

Collection; reporting and remittance of royalties. (a) Unless otherwise expressly provided for by specific language in an executed written agreement, "royalty", "overriding royalty", "other nonworking interests" and "working interests" shall be interpreted as defined in W.S. 30-5-304.

(a) The ownership of all pore space in all strata below the surface lands and waters of this state is declared to be vested in the several owners of the surface above the strata.

Any person who drives any vehicle in willful or wanton disregard for the safety of persons or property is guilty of reckless driving.

§ 30-5-109 by adding a new subsection (f) that provides that ?[a] pooling order issued under this subsection shall expire twelve (12) months after issuance if the person authorized to drill and operate a well fails to commence operations within twelve (12) months of issuance of the pooling order.? Under this new ...

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Wyoming Ratification of Unit Agreement