Minnesota 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 Minnesota Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document that provides important details regarding the cessation of oil or gas production from a well in Minnesota. This affidavit is necessary to inform and comply with the state's regulations and requirements. Keywords: Minnesota, Affidavit of Cessation, Production, Plugging, Well, Royalty Payment. When production from an oil or gas well ceases in Minnesota, the operator must file the Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment with the relevant authorities. This affidavit serves as an official notification that the well is no longer in operation and outlines the key information necessary for regulatory and record-keeping purposes. The affidavit contains several important details, including the specific date when production ceased and the date of the last royalty payment made for the well. These dates are essential for establishing accurate records and ensuring compliance with legal obligations. The Minnesota Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment may have different variations or types depending on the specific circumstances or requirements. Some possible variations include: 1. Voluntary Affidavit of Cessation: This type of affidavit is filed when the operator willingly decides to cease production and plug the well. It is accompanied by documentation proving that all necessary actions have been taken to ensure the well's proper closure and compliance with all relevant regulations. 2. Forced Affidavit of Cessation: In certain exceptional circumstances, a well's production cessation and plugging may be mandated by regulatory authorities. In such cases, the operator must file a forced affidavit, providing the required information and documenting the reasons behind the decision. 3. Affidavit of Cessation with Outstanding Royalties: If there are any outstanding royalty payments associated with the well at the time of cessation, this type of affidavit highlights this fact and may require additional information on how these payments will be resolved or settled. It is important to note that each type of affidavit may entail specific requirements or additional documentation. Operators must carefully review and comply with the relevant guidelines specified by the Minnesota authorities when completing and submitting the Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment. By adhering to the regulations and properly submitting the required affidavit, operators ensure transparency, accountability, and compliance with the state's rules regarding the cessation of production and plugging of wells.

The Minnesota Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document that provides important details regarding the cessation of oil or gas production from a well in Minnesota. This affidavit is necessary to inform and comply with the state's regulations and requirements. Keywords: Minnesota, Affidavit of Cessation, Production, Plugging, Well, Royalty Payment. When production from an oil or gas well ceases in Minnesota, the operator must file the Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment with the relevant authorities. This affidavit serves as an official notification that the well is no longer in operation and outlines the key information necessary for regulatory and record-keeping purposes. The affidavit contains several important details, including the specific date when production ceased and the date of the last royalty payment made for the well. These dates are essential for establishing accurate records and ensuring compliance with legal obligations. The Minnesota Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment may have different variations or types depending on the specific circumstances or requirements. Some possible variations include: 1. Voluntary Affidavit of Cessation: This type of affidavit is filed when the operator willingly decides to cease production and plug the well. It is accompanied by documentation proving that all necessary actions have been taken to ensure the well's proper closure and compliance with all relevant regulations. 2. Forced Affidavit of Cessation: In certain exceptional circumstances, a well's production cessation and plugging may be mandated by regulatory authorities. In such cases, the operator must file a forced affidavit, providing the required information and documenting the reasons behind the decision. 3. Affidavit of Cessation with Outstanding Royalties: If there are any outstanding royalty payments associated with the well at the time of cessation, this type of affidavit highlights this fact and may require additional information on how these payments will be resolved or settled. It is important to note that each type of affidavit may entail specific requirements or additional documentation. Operators must carefully review and comply with the relevant guidelines specified by the Minnesota authorities when completing and submitting the Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment. By adhering to the regulations and properly submitting the required affidavit, operators ensure transparency, accountability, and compliance with the state's rules regarding the cessation of production and plugging of wells.