Oklahoma 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 Oklahoma Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a legal document used in Oklahoma to extend the primary term of an oil and gas lease. This affidavit allows the lessee to continue operating on the leased property beyond the primary term if certain production requirements are met. The primary term refers to the initial period specified in the lease agreement, during which the lessee has the exclusive right to explore and extract oil and gas from the property. The Oklahoma Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term requires the lessee to provide evidence of production from the leased property within a specified timeframe. This can include documentation such as production reports, well logs, and other relevant records. By submitting this affidavit, the lessee asserts that they have met the production requirements set forth in the lease and are therefore entitled to a lease extension. It is important to note that there may be different types of Oklahoma Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term, tailored to specific lease agreements or circumstances. These variations could include specialized affidavits designed for different production specifications or documentation requirements. It is essential for parties involved to carefully review their lease agreement to determine which specific affidavit is required for their situation. In summary, the Oklahoma Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a critical document in the oil and gas industry, allowing lessees to extend their lease beyond the primary term by demonstrating adequate production from the leased property. Different types of affidavits may exist to accommodate various lease agreements and production requirements.

The Oklahoma Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a legal document used in Oklahoma to extend the primary term of an oil and gas lease. This affidavit allows the lessee to continue operating on the leased property beyond the primary term if certain production requirements are met. The primary term refers to the initial period specified in the lease agreement, during which the lessee has the exclusive right to explore and extract oil and gas from the property. The Oklahoma Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term requires the lessee to provide evidence of production from the leased property within a specified timeframe. This can include documentation such as production reports, well logs, and other relevant records. By submitting this affidavit, the lessee asserts that they have met the production requirements set forth in the lease and are therefore entitled to a lease extension. It is important to note that there may be different types of Oklahoma Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term, tailored to specific lease agreements or circumstances. These variations could include specialized affidavits designed for different production specifications or documentation requirements. It is essential for parties involved to carefully review their lease agreement to determine which specific affidavit is required for their situation. In summary, the Oklahoma Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a critical document in the oil and gas industry, allowing lessees to extend their lease beyond the primary term by demonstrating adequate production from the leased property. Different types of affidavits may exist to accommodate various lease agreements and production requirements.