Guam Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• Control #: US-OG-168
• 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 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. Guam Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is a legal document that ensures proper allocation of land acreage surrounding producing wells by the lessee in Guam. This affidavit is crucial for maintaining the integrity of the oil and gas industry and avoiding disputes among stakeholders. Keywords: Guam, affidavit, acreage, assigned, spacing, proration units, producing wells, lessee. Types of Guam Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee: 1. Initial Assignment Affidavit: This type of affidavit is filed when a lessee first establishes drilling activities in a specific area. It outlines the initial allocation of acreage assigned to the corresponding spacing and proration units around the producing wells. 2. Amendment Affidavit: Whenever there is a need to modify or update the acreage assigned to spacing and proration units due to changes in drilling strategies or property borders, an amendment affidavit is filed. This document ensures transparency and accuracy in reflecting the current acreage allocation. 3. Transfer Affidavit: When the ownership or lease rights of a specific drilling site or producing well changes hands, a transfer affidavit is submitted. This affidavit records the transfer of acreage assigned to spacing and proration units to the new lessee or owner, thereby acknowledging their rights and responsibilities. 4. Removal Affidavit: In cases where producing wells are abandoned or permanently taken out of operation, a removal affidavit is filed. This affidavit releases the acreage previously assigned to spacing and proration units around these wells, allowing the lessee to concentrate on other operational areas. 5. Dispute Resolution Affidavit: When disagreements arise between multiple lessees regarding the acreage assigned to spacing and proration units around shared producing wells, a dispute resolution affidavit is used. This affidavit provides a platform for negotiation, arbitration, or mediation to resolve conflicting claims over acreage allocation. Overall, Guam Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is critical for establishing clear boundaries and maintaining equitable allocation of acreage among lessees in the oil and gas industry.

Guam Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is a legal document that ensures proper allocation of land acreage surrounding producing wells by the lessee in Guam. This affidavit is crucial for maintaining the integrity of the oil and gas industry and avoiding disputes among stakeholders. Keywords: Guam, affidavit, acreage, assigned, spacing, proration units, producing wells, lessee. Types of Guam Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee: 1. Initial Assignment Affidavit: This type of affidavit is filed when a lessee first establishes drilling activities in a specific area. It outlines the initial allocation of acreage assigned to the corresponding spacing and proration units around the producing wells. 2. Amendment Affidavit: Whenever there is a need to modify or update the acreage assigned to spacing and proration units due to changes in drilling strategies or property borders, an amendment affidavit is filed. This document ensures transparency and accuracy in reflecting the current acreage allocation. 3. Transfer Affidavit: When the ownership or lease rights of a specific drilling site or producing well changes hands, a transfer affidavit is submitted. This affidavit records the transfer of acreage assigned to spacing and proration units to the new lessee or owner, thereby acknowledging their rights and responsibilities. 4. Removal Affidavit: In cases where producing wells are abandoned or permanently taken out of operation, a removal affidavit is filed. This affidavit releases the acreage previously assigned to spacing and proration units around these wells, allowing the lessee to concentrate on other operational areas. 5. Dispute Resolution Affidavit: When disagreements arise between multiple lessees regarding the acreage assigned to spacing and proration units around shared producing wells, a dispute resolution affidavit is used. This affidavit provides a platform for negotiation, arbitration, or mediation to resolve conflicting claims over acreage allocation. Overall, Guam Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is critical for establishing clear boundaries and maintaining equitable allocation of acreage among lessees in the oil and gas industry.