Delaware 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 Delaware Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document that is used to officially declare the cessation of oil or gas production from a well in the state of Delaware. This affidavit serves to notify the appropriate governing bodies, such as the Delaware Department of Natural Resources and Environmental Control (DN REC), that the well is no longer in operation and that any future royalty payments related to the well should cease. This affidavit is crucial for maintaining accurate records and ensuring compliance with applicable laws and regulations pertaining to well plugging and production cessation in Delaware. The affidavit typically includes specific details about the well, such as the well identification number, location, and operator information. It also requires the specification of the date of the last royalty payment received. Different types or variations of the Delaware Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment may include: 1. Individual Well Affidavit: This type of affidavit is specific to a single well. It is usually filed when a particular well has stopped producing oil or gas and the operator wants to officially declare its cessation. 2. Multiple Well Affidavit: In cases where multiple wells operated by the same entity have ceased production, a multiple well affidavit can be filed to streamline the process and provide a comprehensive overview of the wells involved. 3. Operator Change Affidavit: When there is a change in the operator of a well, an operator change affidavit may be required to inform the DN REC of the new responsible party and update necessary royalty payment information. It is crucial to accurately complete and submit the Delaware Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment to ensure compliance with the Delaware Oil and Gas Act and related regulations. Failing to file this affidavit or providing incorrect information may result in penalties or legal consequences. It is recommended to consult legal professionals or industry experts familiar with Delaware's oil and gas laws for assistance in preparing and filing these affidavits.

The Delaware Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document that is used to officially declare the cessation of oil or gas production from a well in the state of Delaware. This affidavit serves to notify the appropriate governing bodies, such as the Delaware Department of Natural Resources and Environmental Control (DN REC), that the well is no longer in operation and that any future royalty payments related to the well should cease. This affidavit is crucial for maintaining accurate records and ensuring compliance with applicable laws and regulations pertaining to well plugging and production cessation in Delaware. The affidavit typically includes specific details about the well, such as the well identification number, location, and operator information. It also requires the specification of the date of the last royalty payment received. Different types or variations of the Delaware Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment may include: 1. Individual Well Affidavit: This type of affidavit is specific to a single well. It is usually filed when a particular well has stopped producing oil or gas and the operator wants to officially declare its cessation. 2. Multiple Well Affidavit: In cases where multiple wells operated by the same entity have ceased production, a multiple well affidavit can be filed to streamline the process and provide a comprehensive overview of the wells involved. 3. Operator Change Affidavit: When there is a change in the operator of a well, an operator change affidavit may be required to inform the DN REC of the new responsible party and update necessary royalty payment information. It is crucial to accurately complete and submit the Delaware Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment to ensure compliance with the Delaware Oil and Gas Act and related regulations. Failing to file this affidavit or providing incorrect information may result in penalties or legal consequences. It is recommended to consult legal professionals or industry experts familiar with Delaware's oil and gas laws for assistance in preparing and filing these affidavits.