Title: Colorado Affidavit as to Acreage Assigned to Spacing/Proration Units Around Producing Wells by Lessee Introduction: The Colorado Affidavit as to Acreage Assigned to Spacing/Proration Units Around Producing Wells by Lessee is a legal document used in the state of Colorado that outlines the allocation of acreage to spacing or proration units surrounding producing oil and gas wells. This affidavit ensures the appropriate apportionment of resources and adherence to regulations within the industry. Below, we will discuss the purpose, components, and potential types of this Colorado Affidavit. 1. Key Purpose: The primary purpose of the Colorado Affidavit as to Acreage Assigned to Spacing/Proration Units Around Producing Wells by Lessee is to establish the lawful assignment of acreage to specific spacing and proration units surrounding oil and gas wells. This affidavit serves as legal documentation and helps track the distribution and regulation of resources in a transparent and accountable manner. 2. Components of the Affidavit: — Lessor and Lessee Information: The affidavit includes essential details about the lessor (landowner) and lessee (exploration or production company), including their names, addresses, and contact information. — Well Details: The document specifies information related to the producing well(s), such as well names, numbers, and locations. — Acreage Assignments: This section outlines the specific acreage assigned to spacing and proration units around the producing well(s), indicating the legal boundaries and dimensions. — Regulatory Compliance: The affidavit provides an assurance that all acreage allocations adhere to the stipulated state regulations, ensuring proper resource allocation and management. 3. Types of Colorado Affidavit As to Acreage Assigned to Spacing / Proration Units: While there may not be distinct types of affidavits in this particular category, certain variations may exist based on specific circumstances or industry requirements. Some possible scenarios include: a) Affidavit for Spacing Units: This type of affidavit focuses primarily on the allocation of acreage to create and define spacing units around producing wells. It ensures adherence to predetermined spacing regulations set by the Colorado Oil and Gas Conservation Commission (COG CC). b) Affidavit for Proration Units: This affidavit type assigns acreage to proration units surrounding the producing wells, which may further regulate the production or extraction rates within a particular area. Such units help determine the proportional distribution of production allocation within a designated zone. c) Combined Affidavits: In certain situations, both spacing and proration unit assignments may be required. In such cases, a combined affidavit is prepared, addressing both types of acreage assignments within a single document. Conclusion: The Colorado Affidavit as to Acreage Assigned to Spacing/Proration Units Around Producing Wells by Lessee is a crucial document in the oil and gas industry within the state. It ensures compliance with regulations, transparency, and accountability in assigning and managing acreage associated with producing wells. By precisely delineating spacing and proration units, this affidavit effectively regulates resource distribution, allowing for the responsible and optimized production of oil and gas in Colorado.
Colorado Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee
Category:
State:
Multi-State
Control #:
US-OG-168
Format:
Word;
Rich Text
Instant download
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.
Title: Colorado Affidavit as to Acreage Assigned to Spacing/Proration Units Around Producing Wells by Lessee Introduction: The Colorado Affidavit as to Acreage Assigned to Spacing/Proration Units Around Producing Wells by Lessee is a legal document used in the state of Colorado that outlines the allocation of acreage to spacing or proration units surrounding producing oil and gas wells. This affidavit ensures the appropriate apportionment of resources and adherence to regulations within the industry. Below, we will discuss the purpose, components, and potential types of this Colorado Affidavit. 1. Key Purpose: The primary purpose of the Colorado Affidavit as to Acreage Assigned to Spacing/Proration Units Around Producing Wells by Lessee is to establish the lawful assignment of acreage to specific spacing and proration units surrounding oil and gas wells. This affidavit serves as legal documentation and helps track the distribution and regulation of resources in a transparent and accountable manner. 2. Components of the Affidavit: — Lessor and Lessee Information: The affidavit includes essential details about the lessor (landowner) and lessee (exploration or production company), including their names, addresses, and contact information. — Well Details: The document specifies information related to the producing well(s), such as well names, numbers, and locations. — Acreage Assignments: This section outlines the specific acreage assigned to spacing and proration units around the producing well(s), indicating the legal boundaries and dimensions. — Regulatory Compliance: The affidavit provides an assurance that all acreage allocations adhere to the stipulated state regulations, ensuring proper resource allocation and management. 3. Types of Colorado Affidavit As to Acreage Assigned to Spacing / Proration Units: While there may not be distinct types of affidavits in this particular category, certain variations may exist based on specific circumstances or industry requirements. Some possible scenarios include: a) Affidavit for Spacing Units: This type of affidavit focuses primarily on the allocation of acreage to create and define spacing units around producing wells. It ensures adherence to predetermined spacing regulations set by the Colorado Oil and Gas Conservation Commission (COG CC). b) Affidavit for Proration Units: This affidavit type assigns acreage to proration units surrounding the producing wells, which may further regulate the production or extraction rates within a particular area. Such units help determine the proportional distribution of production allocation within a designated zone. c) Combined Affidavits: In certain situations, both spacing and proration unit assignments may be required. In such cases, a combined affidavit is prepared, addressing both types of acreage assignments within a single document. Conclusion: The Colorado Affidavit as to Acreage Assigned to Spacing/Proration Units Around Producing Wells by Lessee is a crucial document in the oil and gas industry within the state. It ensures compliance with regulations, transparency, and accountability in assigning and managing acreage associated with producing wells. By precisely delineating spacing and proration units, this affidavit effectively regulates resource distribution, allowing for the responsible and optimized production of oil and gas in Colorado.
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