The Ohio Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document used in the state of Ohio to officially declare the cessation of production activities and the plugging of an oil or gas well. This affidavit is crucial for operators or owners who wish to halt operations on a well and terminate any ongoing responsibilities associated with it while also specifying the date of the last royalty payment made. In Ohio, there are two main types of Affidavits of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment: 1. Temporary Cessation Affidavit: This affidavit is used when the operator or owner intends to temporarily cease production and plug the well, but still plans to resume operations in the future. It serves as an official notice to the Ohio Department of Natural Resources (ODOR) that the well is temporarily out of operation, highlighting the specified date of the last royalty payment made. 2. Permanent Cessation Affidavit: This affidavit is utilized when the operator or owner intends to permanently cease production and plug the well without any plans of reopening it in the future. It is a formal declaration of the well's permanent closure, and it also specifies the date of the last royalty payment made. Both types of affidavits are essential for ensuring compliance with Ohio's regulatory requirements and for releasing any ongoing financial obligations associated with maintaining an active well. Filing these affidavits with the ODOR allows operators or owners to provide necessary updates regarding their well's status and helps maintain accurate records within the state's energy sector. By utilizing the Ohio Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment, operators or owners can properly document the cessation of production and the financial responsibilities associated with their wells. This ensures transparency and regulatory compliance in Ohio's oil and gas industry, safeguarding the interests of all parties involved.
Ohio Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment
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How to fill out Ohio Affidavit Of Cessation Of Production And Plugging Of Well Specifying Date Of Last Royalty Payment?
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