Bronx New York Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee
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FAQ
What is the Average Life Span of a Well? The average life span of an oil or natural gas well is 20 to 30 years.
The shallowest well (TVD) drilled to date with a vertical rig, as per available record, was in Brazil (TVD: 600 ft) with lateral section of 850 ft.
Oil and gas wells can range in depth from a few hundred feet to more than 20,000 feet. In some parts of the world, wells go as deep as 30,000 feet, Zdarko says. Ranging from 1,000 to 2,500 feet deep, Aera's San Joaquin Valley wells are considered shallow.
Oil and gas wells can range in depth from a few hundred feet to more than 20,000 feet. In some parts of the world, wells go as deep as 30,000 feet, Zdarko says. Ranging from 1,000 to 2,500 feet deep, Aera's San Joaquin Valley wells are considered shallow.
Every gas well drilled in such pool: a) Shall be on a drilling unit consisting of (1) one hundred sixty (160) contiguous surface acres, or (2) a governmental quarter section containing not less than one hundred forty- four (144) acres or more than one hundred seventy-six (176) acres.
Back when records began, oil wells were an average of 3,635 feet deep. But that was 65 years ago - and since 1949 we have used up these 'shallow' reserves. Oil is a finite resource, meaning we now have to dig deeper to find it - with the 2008 average depth coming in at an average of 5,964 feet.
1. n. Oil and Gas Business The amount of acreage, determined by governmental authority that can be efficiently and economically drained by a well at a particular depth or horizon.
2032wel 201asp0101s·i014b (petroleum engineering) Areal location and interrelationship between producing oil or gas wells in an oil field; calculated for the maximum ultimate production from a given reservoir.
Schlumberger's technical paper advised spacing new wells no closer than 900 ft from a well that had been producing 36 months or morecompared with a 750 ft minimum for one producing less than 12 months.
Simply stated, a retained acreage clause is a clause in an oil and gas lease that sets out how much acreage a lessee may retain for each well it drills on the leased premises after the balance of the lease automatically terminates.