Oklahoma Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• Control #: US-OG-008
• Format: Word; Rich Text

Description

As evidnce that an oil and gas lease has expired, a mineral owner may elect to complete and file of record an affidavit of this type. The Oklahoma Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is an important legal document used in the energy industry. This affidavit is required when a well ceases to produce oil or gas and needs to be plugged permanently. By submitting this affidavit, the operator provides essential information regarding the cessation of production and the date of the last royalty payment to all relevant parties. The affidavit serves as an official notification to the Oklahoma Corporation Commission (OCC) and other stakeholders that the well in question will no longer produce any hydrocarbons. It indicates the intention to plug the well to ensure environmental safety and compliance with industry regulations. The affidavit also addresses the cessation of royalty payment distributions to mineral rights owners. There are various types of Oklahoma Affidavits of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment, including: 1. Oil Well Affidavit of Cessation: This affidavit is specifically designed for wells that produce oil and provides details about the cessation of oil production, the plugging process, and the last royalty payment date. 2. Gas Well Affidavit of Cessation: This affidavit is similar to the oil well affidavit but is tailored for wells that produce natural gas. It outlines the cessation of gas production, plugging procedures, and the specified date of the last royalty payment. 3. Combined Oil and Gas Well Affidavit of Cessation: This type of affidavit comes into play when a well produces both oil and natural gas. It includes comprehensive information about the cessation of production for both hydrocarbons, the plugging requirements, and the final royalty payment date. The Oklahoma Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is crucial for maintaining accurate records and ensuring compliance with state regulations. It helps protect the interests of all parties involved, including the operator, mineral rights owners, and the OCC. By accurately documenting the cessation of production and the date of the last royalty payment, this affidavit helps facilitate a smooth transition for the well, allowing for proper plugging and transfer of ownership, if necessary.

The Oklahoma Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is an important legal document used in the energy industry. This affidavit is required when a well ceases to produce oil or gas and needs to be plugged permanently. By submitting this affidavit, the operator provides essential information regarding the cessation of production and the date of the last royalty payment to all relevant parties. The affidavit serves as an official notification to the Oklahoma Corporation Commission (OCC) and other stakeholders that the well in question will no longer produce any hydrocarbons. It indicates the intention to plug the well to ensure environmental safety and compliance with industry regulations. The affidavit also addresses the cessation of royalty payment distributions to mineral rights owners. There are various types of Oklahoma Affidavits of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment, including: 1. Oil Well Affidavit of Cessation: This affidavit is specifically designed for wells that produce oil and provides details about the cessation of oil production, the plugging process, and the last royalty payment date. 2. Gas Well Affidavit of Cessation: This affidavit is similar to the oil well affidavit but is tailored for wells that produce natural gas. It outlines the cessation of gas production, plugging procedures, and the specified date of the last royalty payment. 3. Combined Oil and Gas Well Affidavit of Cessation: This type of affidavit comes into play when a well produces both oil and natural gas. It includes comprehensive information about the cessation of production for both hydrocarbons, the plugging requirements, and the final royalty payment date. The Oklahoma Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is crucial for maintaining accurate records and ensuring compliance with state regulations. It helps protect the interests of all parties involved, including the operator, mineral rights owners, and the OCC. By accurately documenting the cessation of production and the date of the last royalty payment, this affidavit helps facilitate a smooth transition for the well, allowing for proper plugging and transfer of ownership, if necessary.