California Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document required by the state of California for the purpose of officially declaring the cessation of oil or gas production from a well and terminating any ongoing royalty payments. In California, there are two main types of this affidavit: the California Affidavit of Cessation of Production and the California Affidavit of Plugging of Well. The California Affidavit of Cessation of Production is filed when the operator of the well decides to halt oil or gas extraction permanently. This affidavit must specify the date on which the well's production stopped. Once this affidavit is approved by the relevant authorities, it releases the operator from their obligation to make further royalty payments to the mineral owner(s) associated with the well. On the other hand, the California Affidavit of Plugging of Well is filed when the operator completes the plugging and abandonment process of the well. This affidavit provides details about the plugging method used, materials utilized, and other relevant information. It must also specify the date of the last royalty payment made. Once this affidavit is accepted, it confirms the well's permanent closure and releases the operator from further royalty payment obligations. For both types of affidavits, accurate and up-to-date information regarding the date of the last royalty payment is crucial to ensure appropriate termination of payment obligations and comply with California state regulations. In conclusion, the California Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a vital legal document used in California's oil and gas industry to officially declare the cessation of production and terminate royalty payments. It is necessary for operators to file the correct type of affidavit, either for cessation of production or plugging of the well, depending on the specific circumstances.
California Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment
Description
How to fill out California Affidavit Of Cessation Of Production And Plugging Of Well Specifying Date Of Last Royalty Payment?
Have you been in the placement where you require paperwork for sometimes organization or specific functions just about every working day? There are a variety of legitimate file web templates accessible on the Internet, but discovering ones you can rely on isn`t effortless. US Legal Forms gives thousands of kind web templates, just like the California Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment, that happen to be published to meet state and federal requirements.
If you are currently acquainted with US Legal Forms internet site and possess a free account, just log in. Next, you may acquire the California Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment format.
Unless you come with an account and need to start using US Legal Forms, abide by these steps:
- Get the kind you need and ensure it is to the appropriate area/state.
- Take advantage of the Review key to analyze the shape.
- Browse the explanation to actually have selected the correct kind.
- In case the kind isn`t what you are looking for, use the Search area to find the kind that fits your needs and requirements.
- If you discover the appropriate kind, just click Get now.
- Opt for the rates strategy you want, fill in the specified details to create your account, and pay for the order making use of your PayPal or credit card.
- Pick a practical paper structure and acquire your duplicate.
Find each of the file web templates you possess bought in the My Forms food selection. You may get a additional duplicate of California Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment at any time, if required. Just click the required kind to acquire or printing the file format.
Use US Legal Forms, the most considerable assortment of legitimate types, to conserve efforts and avoid mistakes. The services gives appropriately made legitimate file web templates which can be used for a variety of functions. Generate a free account on US Legal Forms and start producing your life easier.
