Delaware Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• Control #: US-OG-187
• 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 is made for the purpose of giving notice that the Lease has been extended beyond its stated primary term in accordance with the terms of the Lease. The Delaware Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a legal document that allows oil and gas leaseholders in the state of Delaware to request an extension of their lease beyond its primary term. This affidavit is filed with the appropriate authorities to provide evidence of production from the leased property, enabling the leaseholder to continue operating and benefiting from the oil and gas resources. By submitting this affidavit, the leaseholder declares the production and proves that the leased property is still productive, which is crucial for extending the lease agreement. The affidavit includes detailed information regarding the volume and quality of the produced oil and gas, along with supporting documentation such as production records, well logs, and any other relevant data. The purpose of the Delaware Affidavit of Production is to prevent the lease from expiring due to inactivity and to ensure that the leaseholder can continue exploring, extracting, and profiting from the natural resources on the property. It serves as a way to demonstrate the continuing economic viability and sustainability of the oil and gas operations. There may be different variations or types of Delaware Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term, depending on specific provisions and requirements set by Delaware state law or individual lease agreements. These variations could include different formats, clauses, or additional supporting documents requested by the authorities. It is important for leaseholders to understand the specific regulations and guidelines set forth by Delaware's governing bodies or their leasing agreements when filing this affidavit. Adhering to all necessary requirements is essential for successfully extending the lease beyond the primary term and maintaining legal rights to the oil and gas resources present on the leased property. Properly completing the Delaware Affidavit of Production can help to ensure continuous access to these valuable natural resources for the leaseholder.

The Delaware Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a legal document that allows oil and gas leaseholders in the state of Delaware to request an extension of their lease beyond its primary term. This affidavit is filed with the appropriate authorities to provide evidence of production from the leased property, enabling the leaseholder to continue operating and benefiting from the oil and gas resources. By submitting this affidavit, the leaseholder declares the production and proves that the leased property is still productive, which is crucial for extending the lease agreement. The affidavit includes detailed information regarding the volume and quality of the produced oil and gas, along with supporting documentation such as production records, well logs, and any other relevant data. The purpose of the Delaware Affidavit of Production is to prevent the lease from expiring due to inactivity and to ensure that the leaseholder can continue exploring, extracting, and profiting from the natural resources on the property. It serves as a way to demonstrate the continuing economic viability and sustainability of the oil and gas operations. There may be different variations or types of Delaware Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term, depending on specific provisions and requirements set by Delaware state law or individual lease agreements. These variations could include different formats, clauses, or additional supporting documents requested by the authorities. It is important for leaseholders to understand the specific regulations and guidelines set forth by Delaware's governing bodies or their leasing agreements when filing this affidavit. Adhering to all necessary requirements is essential for successfully extending the lease beyond the primary term and maintaining legal rights to the oil and gas resources present on the leased property. Properly completing the Delaware Affidavit of Production can help to ensure continuous access to these valuable natural resources for the leaseholder.