Get the free Compulsory Pooling Horizontal Well Project Areas:

STATE OF NEW MEXICO ENERGY, MINERALS AND NATURAL RESOURCES DEPARTMENT OIL CONSERVATION DIVISION APPLICATION OF SILVERBACK OPERATING II, LLC, FOR A HORIZONTAL SPACING UNIT AND COMPULSORY POOLING, EDDY

How to fill out compulsory pooling horizontal well

How to fill out compulsory pooling horizontal well

1. Step 1: Research the legal requirements and regulations for filling out a compulsory pooling horizontal well in your jurisdiction.
2. Step 2: Gather all the necessary information and documentation, which may include ownership records, well permit applications, and geological reports.
3. Step 3: Prepare the required forms and applications for compulsory pooling, ensuring that all the information is accurate and complete.
4. Step 4: Submit the filled-out forms and applications to the appropriate regulatory authority along with any applicable fees.
5. Step 5: Await approval from the regulatory authority, which may involve a review process and potential negotiations with other stakeholders.
6. Step 6: Once approved, adhere to any stipulations or conditions set by the regulatory authority, such as specific drilling or operational requirements.
7. Step 7: Ensure compliance with all environmental and safety regulations during the drilling and operation of the compulsory pooling horizontal well.
8. Step 8: Monitor the well's production and regularly report to the regulatory authority as required.
9. Step 9: Maintain proper records and documentation related to the compulsory pooling horizontal well for future reference and audit purposes.
10. Step 10: Stay updated with any changes in regulations or requirements that may impact the operation of the compulsory pooling horizontal well.

Who needs compulsory pooling horizontal well?

1. Oil and gas companies or operators who want to efficiently extract hydrocarbon resources from a shared geological formation.
2. Landowners or mineral rights owners who are part of a larger pool or unitization area and want to participate in the development and production activities.
3. Regulatory authorities or governments who aim to regulate the extraction of oil and gas resources in order to ensure fair distribution and prevent waste.
4. Investors or stakeholders interested in collaborating or investing in compulsory pooling operations to benefit from the potential financial returns.

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What is compulsory pooling horizontal well?

Compulsory pooling horizontal well refers to a regulatory arrangement in which operators are allowed to extract oil or gas from a reservoir that crosses multiple tracts or properties, ensuring that all the mineral rights owners are fairly compensated, even if some owners do not consent to participate in drilling.

Who is required to file compulsory pooling horizontal well?

Operators of the horizontal well are typically required to file for compulsory pooling, especially if they wish to drill a well that involves multiple property owners.

How to fill out compulsory pooling horizontal well?

To fill out compulsory pooling horizontal well forms, operators must provide detailed information about the well location, ownership of the mineral rights, estimated production, and any agreements with landowners or stakeholders.

What is the purpose of compulsory pooling horizontal well?

The purpose of compulsory pooling horizontal well is to maximize resource extraction efficiency, protect mineral rights, and ensure fair distribution of revenues among all parties involved.

What information must be reported on compulsory pooling horizontal well?

Information that must be reported includes well details (location, depth, and type), ownership information, production estimates, and agreements with other mineral rights owners.