Alaska Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• Control #: US-OG-168
• 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 form is for the purpose of describing the location of the well (or wells) drilled on the Lands, and describing the portion of the Lands surrounding each well which is included within the proration/spacing unit for each well. The Alaska Affidavit as to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is an important document used in the oil and gas industry. This affidavit outlines the procedure followed by the lessee (company or individual holding the lease) to determine the allocation of acreage assigned to spacing/proration units around producing wells in Alaska. This document ensures that the lessee is complying with the relevant regulations and guidelines set forth by the Alaska Department of Natural Resources (ADR). By filing this affidavit, the lessee declares the exact acreage assigned to each spacing/proration unit to maintain fair distribution and efficient operations around producing wells. The Alaska Affidavit as to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is crucial for various reasons. It helps to prevent the overproduction or underutilization of resources, ensures efficient resource extraction, and protects the interests of all stakeholders involved. There may be different types of affidavits pertaining to acreage assigned to spacing/proration units around producing wells depending on the specific requirements and circumstances. These variations can include: 1. Initial Filing Affidavit: This affidavit is submitted by the lessee upon the initial development and establishment of spacing/proration units in the lease area. 2. Unit Expansion Affidavit: In case the lessee plans to expand the existing spacing/proration units to enhance production or reach new reserves, this affidavit is filed to declare the additional acreage assigned to the expanded units. 3. Unit Reduction Affidavit: If the lessee determines that certain portions of the spacing/proration units are unproductive or not economically viable, a unit reduction affidavit is filed to adjust the acreage assigned to the units accordingly. 4. Reassignment Affidavit: This affidavit is filed when there is a transfer of lease or ownership of spacing/proration units to another lessee. It declares the revised acreage assigned to the units after the transfer. 5. Re completion Affidavit: When a producing well undergoes recompletion or work over operations that may affect the assigned acreage, this affidavit is filed to update the acreage allocation. It is essential for lessees to accurately complete the Alaska Affidavit as to Acreage Assigned to Spacing / Proration Units Around Producing Wells and file the relevant types of affidavits as required to ensure compliance with ADR regulations and maintain transparency in resource management.

The Alaska Affidavit as to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is an important document used in the oil and gas industry. This affidavit outlines the procedure followed by the lessee (company or individual holding the lease) to determine the allocation of acreage assigned to spacing/proration units around producing wells in Alaska. This document ensures that the lessee is complying with the relevant regulations and guidelines set forth by the Alaska Department of Natural Resources (ADR). By filing this affidavit, the lessee declares the exact acreage assigned to each spacing/proration unit to maintain fair distribution and efficient operations around producing wells. The Alaska Affidavit as to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is crucial for various reasons. It helps to prevent the overproduction or underutilization of resources, ensures efficient resource extraction, and protects the interests of all stakeholders involved. There may be different types of affidavits pertaining to acreage assigned to spacing/proration units around producing wells depending on the specific requirements and circumstances. These variations can include: 1. Initial Filing Affidavit: This affidavit is submitted by the lessee upon the initial development and establishment of spacing/proration units in the lease area. 2. Unit Expansion Affidavit: In case the lessee plans to expand the existing spacing/proration units to enhance production or reach new reserves, this affidavit is filed to declare the additional acreage assigned to the expanded units. 3. Unit Reduction Affidavit: If the lessee determines that certain portions of the spacing/proration units are unproductive or not economically viable, a unit reduction affidavit is filed to adjust the acreage assigned to the units accordingly. 4. Reassignment Affidavit: This affidavit is filed when there is a transfer of lease or ownership of spacing/proration units to another lessee. It declares the revised acreage assigned to the units after the transfer. 5. Re completion Affidavit: When a producing well undergoes recompletion or work over operations that may affect the assigned acreage, this affidavit is filed to update the acreage allocation. It is essential for lessees to accurately complete the Alaska Affidavit as to Acreage Assigned to Spacing / Proration Units Around Producing Wells and file the relevant types of affidavits as required to ensure compliance with ADR regulations and maintain transparency in resource management.