Colorado Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• Control #: US-OG-008
• Format: Word; Rich Text

Description

As evidnce that an oil and gas lease has expired, a mineral owner may elect to complete and file of record an affidavit of this type. The Colorado Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is an important legal document used in the oil and gas industry in Colorado. This affidavit is filed when a well has reached the end of its productive life, and the operator wishes to officially cease production and plug the well. It is necessary to detail the date of the last royalty payment as well. In Colorado, there are various types of Affidavit of Cessation of Production and Plugging of Well, depending on the specific circumstances and requirements. Some different types include: 1. Affidavit of Cessation of Production and Plugging of Well — This type of affidavit is commonly used when a well has become non-productive, and the operator decides to permanently close and seal the well. It specifies the date of the last royalty payment received from the well. 2. Affidavit of Cessation of Production and Plugging of Well (Temporary Cessation) — In cases where the operator temporarily suspends production due to maintenance, repair, or other authorized reasons, this type of affidavit is used. It ensures compliance with regulatory requirements and outlines the date of the last royalty payment received before the temporary cessation. The Colorado Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment serves several purposes. First, it allows the operator to officially notify the Colorado Oil and Gas Conservation Commission (COG CC) about the well's status and intent to stop production. Second, it ensures that all necessary steps are taken to safely and adequately plug the well, minimizing any potential environmental impact. Lastly, the affidavit serves as a record of the final royalty payment received, which is crucial for accounting and landowner royalty distribution. To complete the affidavit, the operator must provide specific information, including the well's name, location, unique identification number, and the date when production ceased. The affidavit should also include details about the last royalty payment received, such as the date, amount, and mayor. Additionally, the operator must outline the plugging plan, which describes the procedure and materials to be used in the well plugging. Overall, the Colorado Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment plays a vital role in the oil and gas industry. It ensures compliance with regulatory requirements, promotes environmental responsibility, and serves as a record for royalty distribution. By carefully completing and submitting this affidavit, operators can responsibly halt production and minimize any potential negative impacts on both the environment and stakeholders involved.

The Colorado Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is an important legal document used in the oil and gas industry in Colorado. This affidavit is filed when a well has reached the end of its productive life, and the operator wishes to officially cease production and plug the well. It is necessary to detail the date of the last royalty payment as well. In Colorado, there are various types of Affidavit of Cessation of Production and Plugging of Well, depending on the specific circumstances and requirements. Some different types include: 1. Affidavit of Cessation of Production and Plugging of Well — This type of affidavit is commonly used when a well has become non-productive, and the operator decides to permanently close and seal the well. It specifies the date of the last royalty payment received from the well. 2. Affidavit of Cessation of Production and Plugging of Well (Temporary Cessation) — In cases where the operator temporarily suspends production due to maintenance, repair, or other authorized reasons, this type of affidavit is used. It ensures compliance with regulatory requirements and outlines the date of the last royalty payment received before the temporary cessation. The Colorado Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment serves several purposes. First, it allows the operator to officially notify the Colorado Oil and Gas Conservation Commission (COG CC) about the well's status and intent to stop production. Second, it ensures that all necessary steps are taken to safely and adequately plug the well, minimizing any potential environmental impact. Lastly, the affidavit serves as a record of the final royalty payment received, which is crucial for accounting and landowner royalty distribution. To complete the affidavit, the operator must provide specific information, including the well's name, location, unique identification number, and the date when production ceased. The affidavit should also include details about the last royalty payment received, such as the date, amount, and mayor. Additionally, the operator must outline the plugging plan, which describes the procedure and materials to be used in the well plugging. Overall, the Colorado Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment plays a vital role in the oil and gas industry. It ensures compliance with regulatory requirements, promotes environmental responsibility, and serves as a record for royalty distribution. By carefully completing and submitting this affidavit, operators can responsibly halt production and minimize any potential negative impacts on both the environment and stakeholders involved.