Iowa 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 Iowa Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is an important document in the oil and gas industry. It signifies the cessation of production and the plugging of a well in the state of Iowa, detailing the date of the last royalty payment made to the owner. Keywords: Iowa Affidavit, Cessation of Production, Plugging of Well, Royalty Payment, oil and gas industry. There are several types of the Iowa Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment, including: 1. Individual Well Affidavit: This type of affidavit is used when a single well is being plugged and production is completely stopped. It states the well's specific details, such as well number and location, and the date of the last royalty payment made. 2. Multiple Well Affidavit: In cases where multiple wells are being plugged simultaneously, this affidavit is used. It provides a comprehensive list of all the wells included in the cessation of production and plugging process, along with individual royalty payment dates. 3. Group or Field Affidavit: When an entire group or field of wells is being ceased and plugged, this type of affidavit is employed. It encompasses all wells within a specific area or field, specifying the date of the last royalty payment received for any well in that field. 4. Temporary Cessation Affidavit: In situations where production is temporarily halted due to maintenance, repairs, or other reasons, this affidavit is used. It outlines the reason for the temporary cessation, the expected duration, and the date of the last royalty payment before the pause. 5. Permanent Cessation Affidavit: This affidavit is utilized when production in a well is permanently stopped, either due to exhaustion or regulatory reasons. It signifies the definite end of production and the well's plugging, documenting the date of the final royalty payment received. In Iowa, it is crucial for companies and individuals involved in the oil and gas industry to file the appropriate Iowa Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment for each well or group of wells. These documents ensure compliance with state regulations and provide a clear record of the last royalty payment made before the cessation and plugging of the well(s).

The Iowa Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is an important document in the oil and gas industry. It signifies the cessation of production and the plugging of a well in the state of Iowa, detailing the date of the last royalty payment made to the owner. Keywords: Iowa Affidavit, Cessation of Production, Plugging of Well, Royalty Payment, oil and gas industry. There are several types of the Iowa Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment, including: 1. Individual Well Affidavit: This type of affidavit is used when a single well is being plugged and production is completely stopped. It states the well's specific details, such as well number and location, and the date of the last royalty payment made. 2. Multiple Well Affidavit: In cases where multiple wells are being plugged simultaneously, this affidavit is used. It provides a comprehensive list of all the wells included in the cessation of production and plugging process, along with individual royalty payment dates. 3. Group or Field Affidavit: When an entire group or field of wells is being ceased and plugged, this type of affidavit is employed. It encompasses all wells within a specific area or field, specifying the date of the last royalty payment received for any well in that field. 4. Temporary Cessation Affidavit: In situations where production is temporarily halted due to maintenance, repairs, or other reasons, this affidavit is used. It outlines the reason for the temporary cessation, the expected duration, and the date of the last royalty payment before the pause. 5. Permanent Cessation Affidavit: This affidavit is utilized when production in a well is permanently stopped, either due to exhaustion or regulatory reasons. It signifies the definite end of production and the well's plugging, documenting the date of the final royalty payment received. In Iowa, it is crucial for companies and individuals involved in the oil and gas industry to file the appropriate Iowa Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment for each well or group of wells. These documents ensure compliance with state regulations and provide a clear record of the last royalty payment made before the cessation and plugging of the well(s).