Kentucky Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• Control #: US-OG-168
• Format: Word; Rich Text

Description

An affidavit is statement of facts which is sworn to (or affirmed) before an officer who has authority to administer an oath (e.g. a notary public). This affidavit form is for the purpose of describing the location of the well (or wells) drilled on the Lands, and describing the portion of the Lands surrounding each well which is included within the proration/spacing unit for each well. Kentucky Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is a legal document used in the state of Kentucky to establish the accurate allocation of acreage to spacing and proration units surrounding producing wells. This affidavit ensures that the lessee (party in possession of the oil/gas lease) adheres to the regulations set by the Kentucky Department of Natural Resources. The Kentucky Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee contains pertinent information regarding the lease, well location, and the delineation of acreage assigned to spacing/proration units. It provides a detailed description that helps the governing authority to regulate and manage oil and gas production effectively. Keywords: Kentucky, affidavit, acreage assignment, spacing units, proration units, producing wells, lessee, oil and gas production, regulations, legal document, Department of Natural Resources. Different types of Kentucky Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee may include: 1. Initial Affidavit: This affidavit is filed when the drilling of a well begins. It outlines the original acreage allocation to spacing/proration units around the well site assigned by the lessee. 2. Amended Affidavit: If any changes occur in the acreage allocation to spacing/proration units after the initial affidavit is filed, the lessee must file an amended affidavit to reflect the updated allocation accurately. This typically occurs when modifications are made to the well site or surrounding acreage. 3. Final Affidavit: Once the production from the well has ceased or reached the end of its lifespan, a final affidavit is submitted to record the final acreage assignment to spacing/proration units around the well. This affidavit serves as a record of completion and closure of the well. 4. Well Transfer Affidavit: In the event of a change in lessee or the transfer of ownership of the well, a well transfer affidavit is filed to update the acreage assignment to spacing/proration units under the new party's possession. It ensures that accurate ownership and allocation information is maintained. These affidavits serve as crucial legal documents that help maintain transparency, accountability, and compliance within the oil and gas industry in Kentucky. The accurate allocation of acreage to spacing and proration units is essential for efficient and fair production operations while protecting the rights of the parties involved.

Kentucky Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is a legal document used in the state of Kentucky to establish the accurate allocation of acreage to spacing and proration units surrounding producing wells. This affidavit ensures that the lessee (party in possession of the oil/gas lease) adheres to the regulations set by the Kentucky Department of Natural Resources. The Kentucky Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee contains pertinent information regarding the lease, well location, and the delineation of acreage assigned to spacing/proration units. It provides a detailed description that helps the governing authority to regulate and manage oil and gas production effectively. Keywords: Kentucky, affidavit, acreage assignment, spacing units, proration units, producing wells, lessee, oil and gas production, regulations, legal document, Department of Natural Resources. Different types of Kentucky Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee may include: 1. Initial Affidavit: This affidavit is filed when the drilling of a well begins. It outlines the original acreage allocation to spacing/proration units around the well site assigned by the lessee. 2. Amended Affidavit: If any changes occur in the acreage allocation to spacing/proration units after the initial affidavit is filed, the lessee must file an amended affidavit to reflect the updated allocation accurately. This typically occurs when modifications are made to the well site or surrounding acreage. 3. Final Affidavit: Once the production from the well has ceased or reached the end of its lifespan, a final affidavit is submitted to record the final acreage assignment to spacing/proration units around the well. This affidavit serves as a record of completion and closure of the well. 4. Well Transfer Affidavit: In the event of a change in lessee or the transfer of ownership of the well, a well transfer affidavit is filed to update the acreage assignment to spacing/proration units under the new party's possession. It ensures that accurate ownership and allocation information is maintained. These affidavits serve as crucial legal documents that help maintain transparency, accountability, and compliance within the oil and gas industry in Kentucky. The accurate allocation of acreage to spacing and proration units is essential for efficient and fair production operations while protecting the rights of the parties involved.