Indiana 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 Indiana Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a crucial legal document used in the oil and gas industry. By filing this affidavit, the well operator notifies the relevant authorities and stakeholders about the cessation of production activities and the specific date of the last royalty payment made. The Indiana Affidavit of Cessation of Production and Plugging of Well helps maintain transparency and ensures compliance with regulatory requirements. It keeps all concerned parties informed about the well's status, including its cessation of production, sterilization, and cessation of royalty payments. This documentation assists in monitoring the life cycle of oil and gas wells and the revenue generated from them. When it comes to different types of Indiana Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment, several factors may vary. These variations can be due to aspects such as the type of well, location, operator, and applicable state regulations. A few potential variations of this document include: 1. Type 1 Affidavit of Cessation of Production and Plugging of Well — This affidavit applies to conventional oil and gas wells, where standard methods of drilling and production are employed. 2. Type 2 Affidavit of Cessation of Production and Plugging of Well — This variation pertains to unconventional oil and gas wells, such as those utilizing hydraulic fracturing or horizontal drilling techniques. 3. Offshore Affidavit of Cessation of Production and Plugging of Well — This type applies to wells located in Indiana's offshore territories, typically in lakes or reservoirs. 4. Extension Request Affidavit — In certain situations, an operator may need to request an extension for completing the plugging of a well. This affidavit specifies the reasons for the extension request, along with a revised timeline. When filling out the Indiana Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment, it is crucial to provide accurate and up-to-date information. This includes data such as the well's identification number, location, production history, last royalty payment details, and compliance with applicable regulations. By diligently completing and submitting this affidavit, operators ensure compliance with the Indiana Department of Natural Resources (DNR) regulations and contribute to efficient well management. It promotes transparency in communicating the status of wells, their cessation of production, and enforces responsible practices in the oil and gas industry.

The Indiana Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a crucial legal document used in the oil and gas industry. By filing this affidavit, the well operator notifies the relevant authorities and stakeholders about the cessation of production activities and the specific date of the last royalty payment made. The Indiana Affidavit of Cessation of Production and Plugging of Well helps maintain transparency and ensures compliance with regulatory requirements. It keeps all concerned parties informed about the well's status, including its cessation of production, sterilization, and cessation of royalty payments. This documentation assists in monitoring the life cycle of oil and gas wells and the revenue generated from them. When it comes to different types of Indiana Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment, several factors may vary. These variations can be due to aspects such as the type of well, location, operator, and applicable state regulations. A few potential variations of this document include: 1. Type 1 Affidavit of Cessation of Production and Plugging of Well — This affidavit applies to conventional oil and gas wells, where standard methods of drilling and production are employed. 2. Type 2 Affidavit of Cessation of Production and Plugging of Well — This variation pertains to unconventional oil and gas wells, such as those utilizing hydraulic fracturing or horizontal drilling techniques. 3. Offshore Affidavit of Cessation of Production and Plugging of Well — This type applies to wells located in Indiana's offshore territories, typically in lakes or reservoirs. 4. Extension Request Affidavit — In certain situations, an operator may need to request an extension for completing the plugging of a well. This affidavit specifies the reasons for the extension request, along with a revised timeline. When filling out the Indiana Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment, it is crucial to provide accurate and up-to-date information. This includes data such as the well's identification number, location, production history, last royalty payment details, and compliance with applicable regulations. By diligently completing and submitting this affidavit, operators ensure compliance with the Indiana Department of Natural Resources (DNR) regulations and contribute to efficient well management. It promotes transparency in communicating the status of wells, their cessation of production, and enforces responsible practices in the oil and gas industry.