This form is used in the event any part to this Agreement elects not to participate in a Horizontal Exploratory Well, the non-participating party shall, on commencement of operations for the well, relinquish to the participating party one hundred percent (100%) of its rights, title, and interests in and to that portion of the Contract Area included within the Drilling Unit for the well and one hundred percent (100%) of the party’s rights, title, and interests in and to that portion of the Contract Area.
Wyoming Relinquishment Provision - Horizontal Well
Category:
State:
Multi-State
Control #:
US-OG-718
Format:
Word;
Rich Text
Instant download
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How to fill out Relinquishment Provision - Horizontal Well?
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FAQ
Horizontal wells are high-angle wells (with an inclination of generally greater than 85°) drilled to enhance reservoir performance by placing a long wellbore section within the reservoir.
Multiunit horizontal well means a horizontal well in a shale reservoir wherein the completion interval of the well is located in more than one unit formed for the same shale reservoir, with the well being completed in and producing from such shale reservoir in two or more of such units; Sample 1.
What is a Multi-unit Well? ? A horizontal well in a shale reservoir where the completion. interval of the well is located in more than one spacing unit. formed for the same shale reservoir - the well is producing from. the reservoir in two or more such spacing units.
