Michigan 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. The Michigan Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is an important legal document used in the oil and gas industry. It specifically addresses the allocation of acreage within spacing or proration units that are related to producing wells. This affidavit is typically prepared by the lessee, who is the individual or company holding the lease on the oil or gas property. It serves as a declaration stating the accurate and detailed acreage assigned to each spacing or proration unit around the producing wells. By providing this information, the lessee ensures compliance with Michigan state regulations and establishes a clear understanding of acreage rights and obligations. Keywords: Michigan Affidavit, acreage assigned, spacing unit, proration unit, producing well, lessee, oil and gas industry, compliance, regulations. Different types of Michigan Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee may include: 1. Initial Affidavit: This type of affidavit is filed when the first well is drilled and the spacing or proration units are established. 2. Amended Affidavit: If there are any changes or revisions to the initial affidavit, an amended affidavit is filed. This could include adjustments in acreage assignments, modifications to spacing or proration units, or updates due to new drilling activity or unit expansions. 3. Transferred Affidavit: In case the lease is transferred from one lessee to another, a transferred affidavit is filed to reflect the new acreage assignment and the transfer of responsibilities. 4. Pooled Unit Affidavit: When multiple leaseholds are combined and operating under a pooled unit, a specific affidavit is submitted to define the acreage assigned to each participant within the pooled unit. These diverse types of affidavits ensure the representation of the accurate and up-to-date allocation of acreage assigned to spacing or proration units by lessees in compliance with Michigan state regulations in various scenarios within the oil and gas industry.

The Michigan Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is an important legal document used in the oil and gas industry. It specifically addresses the allocation of acreage within spacing or proration units that are related to producing wells. This affidavit is typically prepared by the lessee, who is the individual or company holding the lease on the oil or gas property. It serves as a declaration stating the accurate and detailed acreage assigned to each spacing or proration unit around the producing wells. By providing this information, the lessee ensures compliance with Michigan state regulations and establishes a clear understanding of acreage rights and obligations. Keywords: Michigan Affidavit, acreage assigned, spacing unit, proration unit, producing well, lessee, oil and gas industry, compliance, regulations. Different types of Michigan Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee may include: 1. Initial Affidavit: This type of affidavit is filed when the first well is drilled and the spacing or proration units are established. 2. Amended Affidavit: If there are any changes or revisions to the initial affidavit, an amended affidavit is filed. This could include adjustments in acreage assignments, modifications to spacing or proration units, or updates due to new drilling activity or unit expansions. 3. Transferred Affidavit: In case the lease is transferred from one lessee to another, a transferred affidavit is filed to reflect the new acreage assignment and the transfer of responsibilities. 4. Pooled Unit Affidavit: When multiple leaseholds are combined and operating under a pooled unit, a specific affidavit is submitted to define the acreage assigned to each participant within the pooled unit. These diverse types of affidavits ensure the representation of the accurate and up-to-date allocation of acreage assigned to spacing or proration units by lessees in compliance with Michigan state regulations in various scenarios within the oil and gas industry.