Illinois 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 Illinois Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document required by the Illinois Department of Natural Resources (DNR) for the purpose of ceasing production in an oil or gas well. This affidavit is applicable in Illinois and provides important information regarding the well's cessation, plugging, and the date of the last royalty payment. When a well is no longer producing oil or gas, and the operator wishes to abandon or plug the well, they must file an Illinois Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment with the DNR. This document ensures that the proper regulatory requirements are met and serves as a formal declaration that the well is no longer in operation. The affidavit contains specific details about the well, including its location, legal description, API number, well name, and operator's information. It also requires the information regarding the cessation of production, such as the last date of production, the reason for cessation, and the equipment removed from the well site. Furthermore, the affidavit highlights the well's plugging activities and provides information about the plugging contractor, the method used for plugging, and the date of completion. This ensures that the well is safely closed to prevent any adverse environmental or safety impact. An essential element of the Illinois Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is indicating the last date of royalty payment. This information is crucial as it determines the operator's financial obligations to the landowners or lessors, whose rights to royalty compensation cease upon the well's cessation of production. In Illinois, there are no known distinct types or variations of the Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment. However, it is essential to remember that each state may have its own specific requirements and regulations pertaining to cessation of production and well plugging. In conclusion, the Illinois Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a crucial document for operators looking to legally halt production and plug an oil or gas well in Illinois. By accurately providing information related to cessation, plugging, and the last royalty payment date, operators ensure compliance with government regulations and protect both the environment and public interest.

The Illinois Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document required by the Illinois Department of Natural Resources (DNR) for the purpose of ceasing production in an oil or gas well. This affidavit is applicable in Illinois and provides important information regarding the well's cessation, plugging, and the date of the last royalty payment. When a well is no longer producing oil or gas, and the operator wishes to abandon or plug the well, they must file an Illinois Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment with the DNR. This document ensures that the proper regulatory requirements are met and serves as a formal declaration that the well is no longer in operation. The affidavit contains specific details about the well, including its location, legal description, API number, well name, and operator's information. It also requires the information regarding the cessation of production, such as the last date of production, the reason for cessation, and the equipment removed from the well site. Furthermore, the affidavit highlights the well's plugging activities and provides information about the plugging contractor, the method used for plugging, and the date of completion. This ensures that the well is safely closed to prevent any adverse environmental or safety impact. An essential element of the Illinois Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is indicating the last date of royalty payment. This information is crucial as it determines the operator's financial obligations to the landowners or lessors, whose rights to royalty compensation cease upon the well's cessation of production. In Illinois, there are no known distinct types or variations of the Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment. However, it is essential to remember that each state may have its own specific requirements and regulations pertaining to cessation of production and well plugging. In conclusion, the Illinois Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a crucial document for operators looking to legally halt production and plug an oil or gas well in Illinois. By accurately providing information related to cessation, plugging, and the last royalty payment date, operators ensure compliance with government regulations and protect both the environment and public interest.