Ohio Release of Call on Production

• Category: Oil Gas and Minerals - Releases
• State: Multi-State
• Control #: US-OG-560
• Format: Word; Rich Text

Description

This is a form of a Release of Call on Production. The Ohio Release of Call on Production is a legal document used in the state of Ohio to release a lien on oil and gas production. This document allows the energy company or operator to certify that they have no current or future interest in the production of oil and gas from a specific well or lease. The purpose of the Ohio Release of Call on Production is to provide proof that all outstanding debts or obligations related to the well or lease have been satisfied or resolved. This release is crucial for both the operator and the landowner, as it ensures that the operator has fulfilled all its financial responsibilities and the landowner can move forward with future leasing or production activities. This release document, once executed, extinguishes any lien on oil and gas production and provides a clean title to the operator. It also protects the operator from any potential claims or disputes related to the production from that specific well or lease. Different types of Ohio Release of Call on Production can vary based on the specific circumstances and parties involved. Some common types include: 1. Partial Release: This type of release is used when the operator wants to release a portion of the well or lease, while still retaining a lien on the remaining production. It may be applicable when there are multiple parties involved in the ownership or leasing of the well or lease. 2. Full Release: A full release is used when the operator wants to release the entire well or lease and extinguish any lien on the entire production. 3. Conditional Release: In certain cases, a release of call on production may be conditional upon the fulfillment of specific requirements or obligations. For example, the release may be contingent on the payment of a certain amount of money or the resolution of a dispute. This type of release ensures that all necessary conditions are met before the release becomes effective. It is important to consult with an attorney or legal professional familiar with Ohio oil and gas law to ensure the correct type of release is used and to accurately draft and execute the document. By securing a properly executed Ohio Release of Call on Production, both operators and landowners can confidently proceed with their respective activities and avoid potential legal complications in the future.

The Ohio Release of Call on Production is a legal document used in the state of Ohio to release a lien on oil and gas production. This document allows the energy company or operator to certify that they have no current or future interest in the production of oil and gas from a specific well or lease. The purpose of the Ohio Release of Call on Production is to provide proof that all outstanding debts or obligations related to the well or lease have been satisfied or resolved. This release is crucial for both the operator and the landowner, as it ensures that the operator has fulfilled all its financial responsibilities and the landowner can move forward with future leasing or production activities. This release document, once executed, extinguishes any lien on oil and gas production and provides a clean title to the operator. It also protects the operator from any potential claims or disputes related to the production from that specific well or lease. Different types of Ohio Release of Call on Production can vary based on the specific circumstances and parties involved. Some common types include: 1. Partial Release: This type of release is used when the operator wants to release a portion of the well or lease, while still retaining a lien on the remaining production. It may be applicable when there are multiple parties involved in the ownership or leasing of the well or lease. 2. Full Release: A full release is used when the operator wants to release the entire well or lease and extinguish any lien on the entire production. 3. Conditional Release: In certain cases, a release of call on production may be conditional upon the fulfillment of specific requirements or obligations. For example, the release may be contingent on the payment of a certain amount of money or the resolution of a dispute. This type of release ensures that all necessary conditions are met before the release becomes effective. It is important to consult with an attorney or legal professional familiar with Ohio oil and gas law to ensure the correct type of release is used and to accurately draft and execute the document. By securing a properly executed Ohio Release of Call on Production, both operators and landowners can confidently proceed with their respective activities and avoid potential legal complications in the future.