Kansas 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 Kansas Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document used in Kansas to declare the cessation of oil or gas production from a well and the date of the last royalty payment. This affidavit is an important tool for landowners, operators, and regulatory bodies to ensure compliance with state regulations and maintain accurate records. The Kansas Corporation Commission (KCC) is responsible for overseeing the oil and gas industry in the region. According to KCC regulations, operators must file an Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment within 60 days of ceasing production from a well. This affidavit provides crucial information about the well's status and royalty arrangements. The affidavit includes several essential elements. Firstly, it requires the identification of the well, including its location, lease number, and operator's name and address. The affidavit also necessitates information about the cessation of production, such as the date when production was stopped and the reason for the well's closure. Another crucial aspect of the affidavit is the specification of the date of the last royalty payment. This information helps ensure that landowners receive proper compensation for the resources extracted from their property. Accurate documentation of the last royalty payment not only ensures fair financial transactions but also helps calculate any outstanding royalties owed or taxes due. While the Kansas Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a general document, there may be additional types of affidavits specific to certain situations. These could include: 1. Affidavit of Cessation of Production and Plugging of Well for Temporary Closures: This affidavit is used when a well is temporarily shut down for maintenance, repairs, or other non-permanent causes. It allows operators to declare the cessation of production without permanently closing the well. 2. Affidavit of Cessation of Production and Plugging of Well for Permanent Closures: This type of affidavit is utilized when a well is permanently abandoned and will no longer produce oil or gas. It signifies the end of the well's lifespan and provides relevant information for regulatory purposes. 3. Affidavit of Cessation of Production and Plugging of Well with Pending Royalty Payments: In some cases, there may be outstanding royalty payments or unresolved financial matters associated with a well. This affidavit would specify the last royalty payment, while also acknowledging the pending payments to ensure proper resolution. It is essential to consult with legal professionals, such as oil and gas attorneys or consultants, for specific guidance on the correct type of affidavit to file and how to accurately complete the necessary documentation. Compliance with the Kansas Corporation Commission's guidelines is crucial to avoid penalties and maintain transparency in the oil and gas industry.

The Kansas Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document used in Kansas to declare the cessation of oil or gas production from a well and the date of the last royalty payment. This affidavit is an important tool for landowners, operators, and regulatory bodies to ensure compliance with state regulations and maintain accurate records. The Kansas Corporation Commission (KCC) is responsible for overseeing the oil and gas industry in the region. According to KCC regulations, operators must file an Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment within 60 days of ceasing production from a well. This affidavit provides crucial information about the well's status and royalty arrangements. The affidavit includes several essential elements. Firstly, it requires the identification of the well, including its location, lease number, and operator's name and address. The affidavit also necessitates information about the cessation of production, such as the date when production was stopped and the reason for the well's closure. Another crucial aspect of the affidavit is the specification of the date of the last royalty payment. This information helps ensure that landowners receive proper compensation for the resources extracted from their property. Accurate documentation of the last royalty payment not only ensures fair financial transactions but also helps calculate any outstanding royalties owed or taxes due. While the Kansas Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a general document, there may be additional types of affidavits specific to certain situations. These could include: 1. Affidavit of Cessation of Production and Plugging of Well for Temporary Closures: This affidavit is used when a well is temporarily shut down for maintenance, repairs, or other non-permanent causes. It allows operators to declare the cessation of production without permanently closing the well. 2. Affidavit of Cessation of Production and Plugging of Well for Permanent Closures: This type of affidavit is utilized when a well is permanently abandoned and will no longer produce oil or gas. It signifies the end of the well's lifespan and provides relevant information for regulatory purposes. 3. Affidavit of Cessation of Production and Plugging of Well with Pending Royalty Payments: In some cases, there may be outstanding royalty payments or unresolved financial matters associated with a well. This affidavit would specify the last royalty payment, while also acknowledging the pending payments to ensure proper resolution. It is essential to consult with legal professionals, such as oil and gas attorneys or consultants, for specific guidance on the correct type of affidavit to file and how to accurately complete the necessary documentation. Compliance with the Kansas Corporation Commission's guidelines is crucial to avoid penalties and maintain transparency in the oil and gas industry.