New York 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. New York Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term An Affidavit of Production is a legal document used in New York to extend an oil and gas lease beyond its primary term. It allows the lessee (the party responsible for extracting oil and gas) to demonstrate to the lessor (the landowner) that production is still ongoing, and therefore, the lease should be extended. Keywords: New York, Affidavit of Production, extend, oil and gas lease, primary term. Types of New York Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term: 1. Affidavit of Production for Continuation: This affidavit is used by the lessee to provide evidence that oil and gas production has been consistently occurring on the leased property during the primary term of the lease. It assures the lessor that the lease should continue beyond its initial term. 2. Affidavit of Production for Conditional Extension: In some cases, an oil and gas lease may have specific conditions that need to be met to extend the lease beyond its primary term, such as a minimum level of production. This affidavit allows the lessee to present the required proof of production and fulfill the specified conditions set forth in the lease contract. 3. Affidavit of Production for Extension Request: If the primary term of an oil and gas lease is nearing its end, the lessee can utilize this affidavit to formally request an extension from the lessor. It may include details on the current production levels and future plans to justify the need for extending the lease beyond its original term. 4. Affidavit of Production for Compulsory Extension: In certain situations, New York laws or regulations may compel the mandatory extension of an oil and gas lease, regardless of the primary term's expiration. This affidavit is utilized to demonstrate compliance with such provisions, including any required production records or data. 5. Affidavit of Production for Renewable Lease Extension: This affidavit pertains to leases with renewable terms, where the lessee can extend the lease automatically by meeting specific production criteria or adhering to renewal provisions outlined in the lease agreement. It provides evidence of production and requests the lease's automatic extension based on the predetermined conditions. When preparing a New York Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term, it is essential to consult with legal professionals experienced in oil and gas lease agreements to ensure compliance with specific state laws and individual lease provisions.

New York Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term An Affidavit of Production is a legal document used in New York to extend an oil and gas lease beyond its primary term. It allows the lessee (the party responsible for extracting oil and gas) to demonstrate to the lessor (the landowner) that production is still ongoing, and therefore, the lease should be extended. Keywords: New York, Affidavit of Production, extend, oil and gas lease, primary term. Types of New York Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term: 1. Affidavit of Production for Continuation: This affidavit is used by the lessee to provide evidence that oil and gas production has been consistently occurring on the leased property during the primary term of the lease. It assures the lessor that the lease should continue beyond its initial term. 2. Affidavit of Production for Conditional Extension: In some cases, an oil and gas lease may have specific conditions that need to be met to extend the lease beyond its primary term, such as a minimum level of production. This affidavit allows the lessee to present the required proof of production and fulfill the specified conditions set forth in the lease contract. 3. Affidavit of Production for Extension Request: If the primary term of an oil and gas lease is nearing its end, the lessee can utilize this affidavit to formally request an extension from the lessor. It may include details on the current production levels and future plans to justify the need for extending the lease beyond its original term. 4. Affidavit of Production for Compulsory Extension: In certain situations, New York laws or regulations may compel the mandatory extension of an oil and gas lease, regardless of the primary term's expiration. This affidavit is utilized to demonstrate compliance with such provisions, including any required production records or data. 5. Affidavit of Production for Renewable Lease Extension: This affidavit pertains to leases with renewable terms, where the lessee can extend the lease automatically by meeting specific production criteria or adhering to renewal provisions outlined in the lease agreement. It provides evidence of production and requests the lease's automatic extension based on the predetermined conditions. When preparing a New York Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term, it is essential to consult with legal professionals experienced in oil and gas lease agreements to ensure compliance with specific state laws and individual lease provisions.