Kentucky 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 Kentucky Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document that is used in the state of Kentucky to certify the cessation of oil or gas production from a well and to indicate the last date on which royalty payments were made. This affidavit is essential when it becomes necessary to officially declare that a well is no longer producing, and to ensure that royalty payments are accurately recorded and ceased. When submitting the Kentucky Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment, certain crucial information must be included. First and foremost, the well's identification number, which helps in uniquely identifying the well in question. The affidavit also requires the precise location of the well, including details such as the county and lease name. Additionally, the affidavit must specify the exact date on which production from the well ceased, officially marking the end of any further oil or gas extraction. Providing this information is critical to establishing the timeline for royalty payments and determining the period for which the well generated profits. Keywords: Kentucky, Affidavit of Cessation of Production, Plugging of Well, Last Royalty Payment, cessation of production, oil, gas, well identification number, location, lease name, cease, extraction, profits. Different types or variations of the Kentucky Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment may include: 1. Well-Specific Affidavit of Cessation: This type of affidavit focuses on a particular well that is no longer producing, outlining the details specific to that well, such as its identification number, location, and date of cessation of production. 2. Multiple Well Affidavit of Cessation: In cases where multiple wells operated by the same entity have ceased production, a single affidavit can be filed to enumerate all the wells affected. This type of affidavit would encompass information about each well individually but presented within a single document. 3. Affidavit of Cessation with Royalty Payment Documentation: This affidavit variation goes a step further by including documented evidence of the last royalty payment made before the cessation of production. It may require attaching payment receipts or any other relevant financial documents validating the claim. Keywords: Well-Specific Affidavit of Cessation, Multiple Well Affidavit of Cessation, Royalty Payment Documentation, multiple wells, financial documents, payment receipts.

The Kentucky Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document that is used in the state of Kentucky to certify the cessation of oil or gas production from a well and to indicate the last date on which royalty payments were made. This affidavit is essential when it becomes necessary to officially declare that a well is no longer producing, and to ensure that royalty payments are accurately recorded and ceased. When submitting the Kentucky Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment, certain crucial information must be included. First and foremost, the well's identification number, which helps in uniquely identifying the well in question. The affidavit also requires the precise location of the well, including details such as the county and lease name. Additionally, the affidavit must specify the exact date on which production from the well ceased, officially marking the end of any further oil or gas extraction. Providing this information is critical to establishing the timeline for royalty payments and determining the period for which the well generated profits. Keywords: Kentucky, Affidavit of Cessation of Production, Plugging of Well, Last Royalty Payment, cessation of production, oil, gas, well identification number, location, lease name, cease, extraction, profits. Different types or variations of the Kentucky Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment may include: 1. Well-Specific Affidavit of Cessation: This type of affidavit focuses on a particular well that is no longer producing, outlining the details specific to that well, such as its identification number, location, and date of cessation of production. 2. Multiple Well Affidavit of Cessation: In cases where multiple wells operated by the same entity have ceased production, a single affidavit can be filed to enumerate all the wells affected. This type of affidavit would encompass information about each well individually but presented within a single document. 3. Affidavit of Cessation with Royalty Payment Documentation: This affidavit variation goes a step further by including documented evidence of the last royalty payment made before the cessation of production. It may require attaching payment receipts or any other relevant financial documents validating the claim. Keywords: Well-Specific Affidavit of Cessation, Multiple Well Affidavit of Cessation, Royalty Payment Documentation, multiple wells, financial documents, payment receipts.