Indiana Code 14-38-1-23. Offset well
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Sec. 23. (a) A lease must provide that the lessee shall drill an offset well to a well on adjoining land that:
(2) is producing petroleum in paying quantities and draining the land covered by the lease.
(1) is within three hundred thirty (330) feet of an outer boundary of the land covered by the lease; and
Terms Used In Indiana Code 14-38-1-23
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- petroleum: means any liquid or gaseous hydrocarbon occurring in nature beneath the surface of the earth. See Indiana Code 14-38-1-3
(b) The offset must be:
(1) started within ninety (90) days from the completion of the adjoining well; and
(2) drilled with due diligence to completion.
[Pre-1995 Recodification Citation: 14-4-3-19.]
As added by P.L.1-1995, SEC.31.