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What else can I help you with?
What is vgo in a refinery?
This is the vaccum gas oil and feed to fccu
What is the significance of pipeline-depth in the context of oil and gas exploration and production?
Pipeline-depth is significant in oil and gas exploration and production as it refers to the depth at which pipelines are buried underground to transport oil and gas. The depth of pipelines is crucial for ensuring their safety and protection from external factors such as corrosion, damage, and environmental impacts. Proper pipeline-depth helps to minimize the risk of leaks, spills, and accidents, thereby safeguarding the environment and public safety while maintaining the efficiency of oil and gas transportation infrastructure.
What is meant by premium bit in oil and gas drilling?
It is just one of the best drill bits for drilling in the Oil & gas industry. A drill bit is basically the bit on the end of the drill that does the cutting. A premium drill bit is one that is used in really tough applications.
What is duel fuel fired boiler?
Its a Boiler that is fitted with two or more heating sources. Say Gas and Oil Fired
What is the difference between upstream and downstream?
the upstream of a pipe is its inlet and the downstream is its outlet ****if your talking about broadband/internet speed*****downstream is taking information from the internet.(downloading) upstream is putting info on the internet uploading
What is an Oil or Gas lease operator?
What is an oil and gas operator
Memorandum of oil and gas lease?
It is a notice in recordable form, that a Oil and Gas Lease does exist, between two parties of more. Usually done to keep details of the lease private.
Could you explain a Mother Hubbard clause in oil and gas lease?
Mother Hubbard clause in an oil an gas lease is a provision for leases in the event an small strip of land is omitted from the legal description by the lessor.
What is an oil and gas lease?
An oil and gas lease is an agreement where a landowner grants permission to explore and extract oil and gas on their property, in return for a predetermined royalty payment. This term also encompasses any license, lease agreement, sublease, or occupancy arrangement through which a lessee acquires the rights to extract hydrocarbons from the land. I came across a blog that covers everything you need to know about oil and gas leases at Mineralview. my point of view its a good reading blog
What is ratification of an oil and gas lease?
Ratification of an oil and gas lease refers to the formal approval and confirmation of a previously executed lease agreement, typically by a party who was not originally a signatory. This process ensures that all parties involved acknowledge and agree to the terms of the lease, thereby making it legally binding. Ratification can occur when a landowner, for example, accepts the lease after its initial signing, or when an operator seeks to affirm the lease's validity. It helps to eliminate any ambiguities or disputes regarding the lease's enforceability.
Do you mix gas oil in a 85 Yamaha virago 1000?
My immediate answer is to say no. Those are four stroke engines which do not require gas oil mixtures. But for you to 100% sure look to the right side of the engine and look for the oil sight glass this will confirm that the oil is not mixed with the gas.
What is an affidavit of non production?
In oil and gas law, an affidavit on non-production is a notarized document which asserts that no producing oil/gas well exists within a specified area. By affying that the lease is not being held by production of oil or gas from a well, an affidavit of non-production serves as termination for an oil and gas lease when the primary lease term has expired. The document may also make assertions about the nature of drilling operations and shut-in payments for that piece of land, depending on the terms of the lease.
Who is at fault when an oil and gas company leases the mineral rights from a person that doesn't own the mineral rights?
This is a pretty common occurrence in the oil and gas industry. The fault lies with the oil and gas company for doing faulty research. Depending on the language in the lease (warranty), the oil company may have a right to a 'refund' if the mineral owner accepted bonus money. The answer would depend on your specific situation, the state in which in mineral rights are located and the language on the lease. If you need specific answers you can ask at louisianaenergy.ning.com
What kinds of oil and gas leases are there?
The BLM issues two types of leases for oil and gas exploration and development on lands owned or controlled by the Federal Government - competitive and noncompetitive. Congress passed the Federal Onshore Oil and Gas Leasing Reform Act of 1987 requiring that all public lands available for oil and gas leasing be offered first by competitive leasing. The BLM may issue noncompetitive leases only after the agency has offered the lands competitively at an oral auction and not received a bid. The maximum competitive lease size is 2,560 acres in the lower 48 States and 5,760 acres in Alaska. The maximum noncompetitive lease size in all States is 10,240 acres. The BLM issues both competitive and noncompetitive leases for a 10-year period. Any lease will automatically continue after that so long as - (1) There is a well on the lease capable of producing in paying quantities on it; or (2) The lease can receive an allocation of production from an off-lease well capable of producing in paying quantities.
What has the author John Bishop Ballem written?
John Bishop Ballem has written: 'Murder as a Fine Art' 'The oil and gas lease in Canada' -- subject(s): Oil and gas leases 'The dirty scenario' 'The moon pool' 'The barons' 'Oilpatch empire'
What duties do you do if you are an Gas and Oil Landmen?
The oil land man is the person who researches the legal records to determine who owns the mineral interest under a piece of real estate. This person will then negotiate with these owners for the right to drill for oil and gas. This process is called "leasing the mineral rights". This lease gives the oil company the right to enter upon and drill for oil on that piece of property. In exchange for giving the oil company that right, the mineral owner gets x dollars per acre and a percentage of the money from the sale of the oil or gas. The initial money paid is called "bonus money". Thereafter a rental per year per acre is paid until the lease expires or oil or gas is produced and sold. As long as oil or gas production is active on the property the lease is valid. When production ceases the lease will usually expire after a given period of time. Good oil land men are part real estate lawyer, and a darn good negotiator. Good smart oil land men have the ability to buy leases reasonable and sell them to oil companys for a profit. They usually retain an overide or royalty on the oil produced from the lease. Good oil land men are paid very well if they work for an oil company. They are usually paid per day, plus mileage and expenses. A good land man is essential for the success of any oil venture, assureing that the legal paperwork is in order, having a good relationship with the land owner and maintaining a good relationship with everyone needed to perform his job successfully.
Can a life estate tenant sign a oil and gas lease?
It would depend on the type of life estate. In most cases, they would be able to sign a lease for the length of their life. However, in most states the remaindermen would also need to sign. It is common practice for oil companies to ask the remaindermen to ratify a lease signed by a life tenant. You should consult with an attorney who specializes in that area of law.
