Montana 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 Montana Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document that certifies the cessation of oil or gas production from a well within the state of Montana. It also specifies the date of the last royalty payment made to the mineral rights' owner. This affidavit is required by the Montana Board of Oil and Gas Conservation (BOG) as part of the regulatory process for permanently closing a well that is no longer producing oil or gas. It serves as proof that the well has been properly plugged and abandoned according to the state's regulations. The affidavit contains several crucial elements to accurately document the cessation of production and the last royalty payment date. These may include: 1. Well Information: The affidavit includes detailed information about the well, such as its name, location, API number, operator's name, and lease identification. 2. Production Cessation: It clearly states the date on which production from the well ceased. This date is critical, as it helps determine the timeline for subsequent actions, including plugging and abandonment. 3. Plugging Information: The affidavit provides information on the procedures followed to plug and abandon the well. This includes details about the type of plugging material used, well bore depth, and any other relevant technical specifications. 4. Certification of Compliance: The affidavit includes a statement certifying that the plugging process was performed in compliance with Montana's regulations. This ensures that environmental and safety standards have been met during the well closure. 5. Last Royalty Payment Date: The document specifies the exact date of the last royalty payment made to the mineral rights' owner. This information is vital for lease and royalty accounting purposes. While there may not be different types of Montana Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment, it is essential to ensure that the affidavit contains all the required information accurately. Failing to submit the affidavit or providing incorrect information may result in penalties or delays in the well closure process. Therefore, it is crucial to consult the Montana Board of Oil and Gas Conservation or seek legal advice to ensure the proper completion of the Montana Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment based on the specific requirements and guidelines.

The Montana Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document that certifies the cessation of oil or gas production from a well within the state of Montana. It also specifies the date of the last royalty payment made to the mineral rights' owner. This affidavit is required by the Montana Board of Oil and Gas Conservation (BOG) as part of the regulatory process for permanently closing a well that is no longer producing oil or gas. It serves as proof that the well has been properly plugged and abandoned according to the state's regulations. The affidavit contains several crucial elements to accurately document the cessation of production and the last royalty payment date. These may include: 1. Well Information: The affidavit includes detailed information about the well, such as its name, location, API number, operator's name, and lease identification. 2. Production Cessation: It clearly states the date on which production from the well ceased. This date is critical, as it helps determine the timeline for subsequent actions, including plugging and abandonment. 3. Plugging Information: The affidavit provides information on the procedures followed to plug and abandon the well. This includes details about the type of plugging material used, well bore depth, and any other relevant technical specifications. 4. Certification of Compliance: The affidavit includes a statement certifying that the plugging process was performed in compliance with Montana's regulations. This ensures that environmental and safety standards have been met during the well closure. 5. Last Royalty Payment Date: The document specifies the exact date of the last royalty payment made to the mineral rights' owner. This information is vital for lease and royalty accounting purposes. While there may not be different types of Montana Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment, it is essential to ensure that the affidavit contains all the required information accurately. Failing to submit the affidavit or providing incorrect information may result in penalties or delays in the well closure process. Therefore, it is crucial to consult the Montana Board of Oil and Gas Conservation or seek legal advice to ensure the proper completion of the Montana Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment based on the specific requirements and guidelines.