Iowa Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• Control #: US-OG-187
• Format: Word; Rich Text

Description

An affidavit is statement of facts which is sworn to (or affirmed) before an officer who has authority to administer an oath (e.g. a notary public). This Affidavit is made for the purpose of giving notice that the Lease has been extended beyond its stated primary term in accordance with the terms of the Lease. An Iowa Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a legal document used in the state of Iowa to extend the period of an oil and gas lease beyond its primary term. This affidavit is an agreement between the lessor (the person or entity who owns the property) and the lessee (the person or entity who is granted the right to extract oil and gas). In Iowa, there are several types of Affidavits of Production to Extend Oil and Gas Lease Beyond Primary Term, each serving specific purposes: 1. Iowa Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term — This type of affidavit is used when the lessee wants to extend the lease beyond the primary term by providing evidence of production. It includes information such as the well name, location, production data, and any other relevant details. 2. Iowa Affidavit of Continuous Development and Production — This affidavit is used to extend the lease beyond the primary term by demonstrating continuous development and production activities on the leased property. It includes details of the activities performed, such as drilling new wells, maintaining existing wells, and producing oil and gas. 3. Iowa Affidavit of Shut-In Well — This affidavit is used when a well on the leased property is temporarily shut-in, meaning it is not currently producing oil or gas but is capable of doing so. It allows the lessee to extend the lease beyond the primary term until the well is put back into production. 4. Iowa Affidavit of Temporary Cessation of Production — This affidavit is used when production from a well on the leased property has ceased temporarily, but the lessee intends to resume production in the future. It provides a mechanism to extend the lease beyond the primary term during the period of temporary cessation. 5. Iowa Affidavit of Force Mature — This affidavit is used when circumstances beyond the lessee's control, such as natural disasters or legal or regulatory restrictions, prevent or delay production activities. It allows the lessee to extend the lease beyond the primary term during the force majeure event. It is essential for both the lessor and the lessee to carefully review and understand the terms and conditions of the specific Iowa Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term they are using, as each affidavit may have unique requirements and provisions. Seeking legal advice is advised to ensure compliance with Iowa laws and maximize the benefits for both parties involved.

An Iowa Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a legal document used in the state of Iowa to extend the period of an oil and gas lease beyond its primary term. This affidavit is an agreement between the lessor (the person or entity who owns the property) and the lessee (the person or entity who is granted the right to extract oil and gas). In Iowa, there are several types of Affidavits of Production to Extend Oil and Gas Lease Beyond Primary Term, each serving specific purposes: 1. Iowa Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term — This type of affidavit is used when the lessee wants to extend the lease beyond the primary term by providing evidence of production. It includes information such as the well name, location, production data, and any other relevant details. 2. Iowa Affidavit of Continuous Development and Production — This affidavit is used to extend the lease beyond the primary term by demonstrating continuous development and production activities on the leased property. It includes details of the activities performed, such as drilling new wells, maintaining existing wells, and producing oil and gas. 3. Iowa Affidavit of Shut-In Well — This affidavit is used when a well on the leased property is temporarily shut-in, meaning it is not currently producing oil or gas but is capable of doing so. It allows the lessee to extend the lease beyond the primary term until the well is put back into production. 4. Iowa Affidavit of Temporary Cessation of Production — This affidavit is used when production from a well on the leased property has ceased temporarily, but the lessee intends to resume production in the future. It provides a mechanism to extend the lease beyond the primary term during the period of temporary cessation. 5. Iowa Affidavit of Force Mature — This affidavit is used when circumstances beyond the lessee's control, such as natural disasters or legal or regulatory restrictions, prevent or delay production activities. It allows the lessee to extend the lease beyond the primary term during the force majeure event. It is essential for both the lessor and the lessee to carefully review and understand the terms and conditions of the specific Iowa Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term they are using, as each affidavit may have unique requirements and provisions. Seeking legal advice is advised to ensure compliance with Iowa laws and maximize the benefits for both parties involved.