Nevada Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• Control #: US-OG-187
• 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 is made for the purpose of giving notice that the Lease has been extended beyond its stated primary term in accordance with the terms of the Lease. The Nevada Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a crucial legal document used in the state of Nevada to extend the primary term of an oil and gas lease based on the production of oil and gas. This affidavit serves as proof that the lessee has produced oil and gas in commercial quantities, thereby fulfilling the necessary requirement to keep the lease active beyond its initial term. The Nevada Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is specifically designed to ensure that the lease remains valid even after its primary term expires. By submitting this affidavit, the lessee provides evidence of their ongoing commitment to the lease, indicating that they have successfully tapped into the reservoir and brought forth substantial quantities of oil and gas. Keywords: Nevada, Affidavit of Production, Extend, Oil and Gas Lease, Primary Term, Commercial Quantities, Valid, Lessee, Commitment, Reservoir, Expire. Different types of Nevada Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term may include: 1. Nevada Affidavit of Production — Natural Gas: This specific affidavit is used when the lessee wishes to extend the lease solely based on the production of natural gas. It requires detailed documentation and evidence of the quantity and quality of the gas produced during the primary term. 2. Nevada Affidavit of Production — Oil: This type of affidavit is employed when the lessee wants to extend the lease based on the production of oil. It mandates the lessee to provide comprehensive information and evidence of the amount of oil produced and its potential economic value. 3. Nevada Affidavit of Production — Oil and Gas: The combined affidavit is utilized when the lessee intends to extend the lease based on the production of both oil and gas. It requires the submission of extensive documentation, including production figures, sample analysis, and revenue generated from the oil and gas activities during the primary term. Keywords: Natural Gas, Oil, Combined, Lessee, Quantity, Quality, Economic Value, Revenue, Sample Analysis. In conclusion, the Nevada Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a vital document that allows lessees to extend the lease duration by showcasing the production of oil and gas. By preparing and submitting the appropriate affidavit, lessees can ensure that their lease remains valid, and they can continue their oil and gas operations.

The Nevada Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a crucial legal document used in the state of Nevada to extend the primary term of an oil and gas lease based on the production of oil and gas. This affidavit serves as proof that the lessee has produced oil and gas in commercial quantities, thereby fulfilling the necessary requirement to keep the lease active beyond its initial term. The Nevada Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is specifically designed to ensure that the lease remains valid even after its primary term expires. By submitting this affidavit, the lessee provides evidence of their ongoing commitment to the lease, indicating that they have successfully tapped into the reservoir and brought forth substantial quantities of oil and gas. Keywords: Nevada, Affidavit of Production, Extend, Oil and Gas Lease, Primary Term, Commercial Quantities, Valid, Lessee, Commitment, Reservoir, Expire. Different types of Nevada Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term may include: 1. Nevada Affidavit of Production — Natural Gas: This specific affidavit is used when the lessee wishes to extend the lease solely based on the production of natural gas. It requires detailed documentation and evidence of the quantity and quality of the gas produced during the primary term. 2. Nevada Affidavit of Production — Oil: This type of affidavit is employed when the lessee wants to extend the lease based on the production of oil. It mandates the lessee to provide comprehensive information and evidence of the amount of oil produced and its potential economic value. 3. Nevada Affidavit of Production — Oil and Gas: The combined affidavit is utilized when the lessee intends to extend the lease based on the production of both oil and gas. It requires the submission of extensive documentation, including production figures, sample analysis, and revenue generated from the oil and gas activities during the primary term. Keywords: Natural Gas, Oil, Combined, Lessee, Quantity, Quality, Economic Value, Revenue, Sample Analysis. In conclusion, the Nevada Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a vital document that allows lessees to extend the lease duration by showcasing the production of oil and gas. By preparing and submitting the appropriate affidavit, lessees can ensure that their lease remains valid, and they can continue their oil and gas operations.