Louisiana Release of Call on Production

• Category: Oil Gas and Minerals - Releases
• State: Multi-State
• Control #: US-OG-560
• Format: Word; Rich Text

Description

This is a form of a Release of Call on Production. Louisiana Release of Call on Production is a legal document that grants permission for the release of confidential information related to oil and gas exploration and production activities in the state of Louisiana. This release is crucial in ensuring transparency and accountability in the energy sector. There are three primary types of Louisiana Release of Call on Production, each serving specific purposes and catering to different entities involved in the industry. These types include: 1. Operator's Call on Production: This release is issued by an operating company to allow access to information related to production data, well logs, seismic data, and other confidential details. It typically pertains to the company's own operations and is often shared with regulatory bodies or joint venture partners for evaluation and compliance purposes. The Operator's Call on Production allows authorized stakeholders to assess the efficacy and effectiveness of ongoing activities. 2. State's Call on Production: The State of Louisiana may release their own call on production, meant to acquire certain information relevant to regulatory and taxation purposes. This type of release ensures the government's ability to accurately assess production volumes, monitor environmental compliance, and enforce taxation regulations. The State's Call on Production assists in properly managing the state's natural resources and maximizing revenues generated from the oil and gas industry. 3. Working Interest Owner's Call on Production: Working interest owners, who financially contribute to the exploration and production activities in Louisiana, may issue their call on production. This release allows them to access information specific to their working interest, including well production reports and financial details such as revenue distribution. It helps to work interest owners evaluate the profitability of their investments and make informed business decisions. Regardless of the specific type, a Louisiana Release of Call on Production is designed to balance the need for data access and confidentiality. It ensures that sensitive information remains protected while enabling authorized parties to receive the necessary data for evaluation, compliance, and appropriate decision-making.

Louisiana Release of Call on Production is a legal document that grants permission for the release of confidential information related to oil and gas exploration and production activities in the state of Louisiana. This release is crucial in ensuring transparency and accountability in the energy sector. There are three primary types of Louisiana Release of Call on Production, each serving specific purposes and catering to different entities involved in the industry. These types include: 1. Operator's Call on Production: This release is issued by an operating company to allow access to information related to production data, well logs, seismic data, and other confidential details. It typically pertains to the company's own operations and is often shared with regulatory bodies or joint venture partners for evaluation and compliance purposes. The Operator's Call on Production allows authorized stakeholders to assess the efficacy and effectiveness of ongoing activities. 2. State's Call on Production: The State of Louisiana may release their own call on production, meant to acquire certain information relevant to regulatory and taxation purposes. This type of release ensures the government's ability to accurately assess production volumes, monitor environmental compliance, and enforce taxation regulations. The State's Call on Production assists in properly managing the state's natural resources and maximizing revenues generated from the oil and gas industry. 3. Working Interest Owner's Call on Production: Working interest owners, who financially contribute to the exploration and production activities in Louisiana, may issue their call on production. This release allows them to access information specific to their working interest, including well production reports and financial details such as revenue distribution. It helps to work interest owners evaluate the profitability of their investments and make informed business decisions. Regardless of the specific type, a Louisiana Release of Call on Production is designed to balance the need for data access and confidentiality. It ensures that sensitive information remains protected while enabling authorized parties to receive the necessary data for evaluation, compliance, and appropriate decision-making.