North Dakota 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 North Dakota Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document that is used in the oil and gas industry to officially declare the cessation of production and the plugging of a well in the state of North Dakota. This document is important for the proper closure of a well and for ensuring that all royalty payments have been made up to the specified date. The Affidavit of Cessation of Production and Plugging of Well acts as a declaration to the appropriate regulatory authorities, typically the North Dakota Department of Mineral Resources, that the operator or leaseholder has ceased all operations at a specific well site. It signifies the end of production and the start of the plugging and reclamation process. This affidavit provides crucial information, including the well identification number, the lease number, the lessor's name and contact details, the operator's name and contact details, and the exact location of the well. Additionally, it specifies the date when the last royalty payment was made, indicating the completion of all necessary financial obligations related to the well. It is essential to fill out this form accurately and completely, as any discrepancies or omissions may result in delays or complications in the well closure process. The North Dakota Department of Mineral Resources may require additional documentation or verification to ensure compliance with state regulations. While there might not be different types of North Dakota Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment, variations may exist in terms of specific requirements or forms used by different operators or leaseholders. Some companies might have their own customized versions of the affidavit tailored to their internal processes, but the fundamental purpose and key information included in the document remain the same. In conclusion, the North Dakota Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment serves as a crucial document for officially declaring the cessation of production and plugging of a well in North Dakota's oil and gas industry. It ensures that all necessary steps have been taken to conclude operations at the well site and that all royalty payments have been made up to the specified date. Accuracy and completeness in filling out this affidavit are essential for a smooth well closure process.

The North Dakota Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document that is used in the oil and gas industry to officially declare the cessation of production and the plugging of a well in the state of North Dakota. This document is important for the proper closure of a well and for ensuring that all royalty payments have been made up to the specified date. The Affidavit of Cessation of Production and Plugging of Well acts as a declaration to the appropriate regulatory authorities, typically the North Dakota Department of Mineral Resources, that the operator or leaseholder has ceased all operations at a specific well site. It signifies the end of production and the start of the plugging and reclamation process. This affidavit provides crucial information, including the well identification number, the lease number, the lessor's name and contact details, the operator's name and contact details, and the exact location of the well. Additionally, it specifies the date when the last royalty payment was made, indicating the completion of all necessary financial obligations related to the well. It is essential to fill out this form accurately and completely, as any discrepancies or omissions may result in delays or complications in the well closure process. The North Dakota Department of Mineral Resources may require additional documentation or verification to ensure compliance with state regulations. While there might not be different types of North Dakota Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment, variations may exist in terms of specific requirements or forms used by different operators or leaseholders. Some companies might have their own customized versions of the affidavit tailored to their internal processes, but the fundamental purpose and key information included in the document remain the same. In conclusion, the North Dakota Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment serves as a crucial document for officially declaring the cessation of production and plugging of a well in North Dakota's oil and gas industry. It ensures that all necessary steps have been taken to conclude operations at the well site and that all royalty payments have been made up to the specified date. Accuracy and completeness in filling out this affidavit are essential for a smooth well closure process.