Oregon 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 Oregon Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a crucial document that serves as evidence of oil and gas production on a lease to extend its primary term in the state of Oregon. This affidavit is necessary to continue the lease beyond its initial period and maintain the rights to extract oil and gas resources from the leased land. To file an Oregon Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term, leaseholders or operators must provide a detailed account of the production activities carried out during the primary lease term. The affidavit must include key information such as the lease identification number, the legal description of the leased land, the leaseholder's and operator's information, the dates of production, and the specific amounts of oil and gas extracted during each reporting period. By submitting this affidavit, leaseholders demonstrate their compliance with the primary lease terms, ensuring that they have actively explored and developed the leased premises. This document acts as proof that there has been significant oil and gas production, justifying the extension of the lease beyond its primary term. It's important to note that there are different types of Oregon Affidavits of Production to Extend Oil and Gas Lease Beyond Primary Term, depending on the specific nature of the lease agreement. Some common variations include: 1. Standard Affidavit of Production: This is the most frequently used type of affidavit, typically filed by leaseholders who have fulfilled the primary lease term by actively exploring and producing oil and gas resources. It provides detailed information about the production activities and volumes extracted, supporting the extension request. 2. Conditional Affidavit of Production: This type of affidavit is submitted by leaseholders who have not met the minimum production requirements during the primary term but have made substantial efforts towards exploration and development. They may request an extension by providing reasonable justifications for the lower production levels and outlining their plans for increased production in the future. 3. Shut-in Affidavit of Production: This affidavit is filed when the oil and gas production has been temporarily halted due to unforeseen circumstances, such as market conditions or technical issues. Leaseholders must provide a clear explanation of the shutdown reasons and the estimated timeline for the resumption of production. Regardless of the specific type of Oregon Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term, it is crucial to carefully follow the state's regulations and guidelines while preparing and filing the affidavit.

The Oregon Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a crucial document that serves as evidence of oil and gas production on a lease to extend its primary term in the state of Oregon. This affidavit is necessary to continue the lease beyond its initial period and maintain the rights to extract oil and gas resources from the leased land. To file an Oregon Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term, leaseholders or operators must provide a detailed account of the production activities carried out during the primary lease term. The affidavit must include key information such as the lease identification number, the legal description of the leased land, the leaseholder's and operator's information, the dates of production, and the specific amounts of oil and gas extracted during each reporting period. By submitting this affidavit, leaseholders demonstrate their compliance with the primary lease terms, ensuring that they have actively explored and developed the leased premises. This document acts as proof that there has been significant oil and gas production, justifying the extension of the lease beyond its primary term. It's important to note that there are different types of Oregon Affidavits of Production to Extend Oil and Gas Lease Beyond Primary Term, depending on the specific nature of the lease agreement. Some common variations include: 1. Standard Affidavit of Production: This is the most frequently used type of affidavit, typically filed by leaseholders who have fulfilled the primary lease term by actively exploring and producing oil and gas resources. It provides detailed information about the production activities and volumes extracted, supporting the extension request. 2. Conditional Affidavit of Production: This type of affidavit is submitted by leaseholders who have not met the minimum production requirements during the primary term but have made substantial efforts towards exploration and development. They may request an extension by providing reasonable justifications for the lower production levels and outlining their plans for increased production in the future. 3. Shut-in Affidavit of Production: This affidavit is filed when the oil and gas production has been temporarily halted due to unforeseen circumstances, such as market conditions or technical issues. Leaseholders must provide a clear explanation of the shutdown reasons and the estimated timeline for the resumption of production. Regardless of the specific type of Oregon Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term, it is crucial to carefully follow the state's regulations and guidelines while preparing and filing the affidavit.