New Mexico 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. New Mexico Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is a legal document that pertains to the allocation and distribution of acreage within spacing or proration units surrounding producing oil or gas wells in the state of New Mexico. This affidavit is crucial for lessees or companies involved in oil and gas exploration and production activities in the state. Keywords: New Mexico, Affidavit, Acreage Assigned, Spacing Units, Proration Units, Producing Wells, Lessee, Oil and Gas Exploration, Production Activities. In New Mexico, when an oil or gas well is drilled, it is essential to determine the acreage that will be assigned to the spacing or proration unit around the producing well. This allocation plays a significant role in establishing the rights and responsibilities of the lessee and other parties involved in the oil and gas industry. The New Mexico Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee ensures compliance with state regulations and provides a legally binding document that outlines the specific acreage assigned to a particular well. The affidavit needs to be completed and filed with the New Mexico Oil Conservation Division or relevant regulatory authorities. There may be different types or variations of the New Mexico Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee, depending on specific factors such as the type of mineral rights, the location of the well, or the governing regulations. It is important to consult with legal experts or regulatory bodies to determine the exact requirements for each case. Some key components of the affidavit may include: 1. Lessee Information: The affidavit will require the lessee's name, address, contact details, and legal representative, if applicable. 2. Well Information: Details about the producing well, including its name, API number, location, lease name or number, and other relevant identification information. 3. Acreage Calculation: The affidavit will outline the method used to calculate the acreage assigned to the spacing or proration units around the producing well. This may involve the use of mapping technology, survey data, or other recognized industry practices. 4. Legal Description: The affidavit will include a specific legal description or metes and bounds description of the acreage assigned, ensuring clear identification and boundaries. 5. Certification and Signature: The affidavit will conclude with a certification statement, attesting to the accuracy and completeness of the information provided. It will also require the lessee's signature, date, and acknowledgement. Lessees or companies involved in oil and gas exploration in New Mexico must adhere to the requirements set forth in the New Mexico Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee to ensure compliance with state regulations and avoid legal challenges or penalties. It is essential to consult with legal professionals or industry experts to accurately complete this affidavit and fulfill all obligations under New Mexico law.

New Mexico Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is a legal document that pertains to the allocation and distribution of acreage within spacing or proration units surrounding producing oil or gas wells in the state of New Mexico. This affidavit is crucial for lessees or companies involved in oil and gas exploration and production activities in the state. Keywords: New Mexico, Affidavit, Acreage Assigned, Spacing Units, Proration Units, Producing Wells, Lessee, Oil and Gas Exploration, Production Activities. In New Mexico, when an oil or gas well is drilled, it is essential to determine the acreage that will be assigned to the spacing or proration unit around the producing well. This allocation plays a significant role in establishing the rights and responsibilities of the lessee and other parties involved in the oil and gas industry. The New Mexico Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee ensures compliance with state regulations and provides a legally binding document that outlines the specific acreage assigned to a particular well. The affidavit needs to be completed and filed with the New Mexico Oil Conservation Division or relevant regulatory authorities. There may be different types or variations of the New Mexico Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee, depending on specific factors such as the type of mineral rights, the location of the well, or the governing regulations. It is important to consult with legal experts or regulatory bodies to determine the exact requirements for each case. Some key components of the affidavit may include: 1. Lessee Information: The affidavit will require the lessee's name, address, contact details, and legal representative, if applicable. 2. Well Information: Details about the producing well, including its name, API number, location, lease name or number, and other relevant identification information. 3. Acreage Calculation: The affidavit will outline the method used to calculate the acreage assigned to the spacing or proration units around the producing well. This may involve the use of mapping technology, survey data, or other recognized industry practices. 4. Legal Description: The affidavit will include a specific legal description or metes and bounds description of the acreage assigned, ensuring clear identification and boundaries. 5. Certification and Signature: The affidavit will conclude with a certification statement, attesting to the accuracy and completeness of the information provided. It will also require the lessee's signature, date, and acknowledgement. Lessees or companies involved in oil and gas exploration in New Mexico must adhere to the requirements set forth in the New Mexico Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee to ensure compliance with state regulations and avoid legal challenges or penalties. It is essential to consult with legal professionals or industry experts to accurately complete this affidavit and fulfill all obligations under New Mexico law.