Pennsylvania 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 Pennsylvania Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document used in the state of Pennsylvania to declare that a well has ceased its oil or gas production and has been properly plugged. This affidavit is crucial in the oil and gas industry as it helps ensure compliance with regulations and provides a record of when the last royalty payment was made. Keywords: Pennsylvania, Affidavit of Cessation, Production and Plugging, Well, Last Royalty Payment, regulations, legal document, oil industry, gas industry. There are two main types of the Pennsylvania Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment, each serving a specific purpose: 1. Affidavit of Cessation of Production: This type of affidavit is used when a well has permanently stopped producing oil or gas. It includes details such as the well's identification number, location, the date production ceased, and the reason for cessation. Additionally, it specifies the date of the last royalty payment made to the relevant parties. 2. Affidavit of Plugging: This type of affidavit is used when a well is permanently plugged to prevent any further extraction of oil or gas. It includes information about the well, such as its identification number, location, date of plugging, and details of the plugging process. Similarly, it also specifies the date of the last royalty payment made. Both types of affidavits are vital in the oil and gas industry as they provide evidence that the well is no longer in use and has been properly closed. This documentation ensures compliance with regulatory requirements and facilitates the calculation of royalties owed to landowners and other stakeholders. In conclusion, the Pennsylvania Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a crucial legal document in the state's oil and gas industry. It serves to declare when a well has stopped production and has been plugged, while also specifying the date of the last royalty payment. Compliance with these requirements ensures transparency and fairness in the distribution of royalties to all parties involved.

The Pennsylvania Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document used in the state of Pennsylvania to declare that a well has ceased its oil or gas production and has been properly plugged. This affidavit is crucial in the oil and gas industry as it helps ensure compliance with regulations and provides a record of when the last royalty payment was made. Keywords: Pennsylvania, Affidavit of Cessation, Production and Plugging, Well, Last Royalty Payment, regulations, legal document, oil industry, gas industry. There are two main types of the Pennsylvania Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment, each serving a specific purpose: 1. Affidavit of Cessation of Production: This type of affidavit is used when a well has permanently stopped producing oil or gas. It includes details such as the well's identification number, location, the date production ceased, and the reason for cessation. Additionally, it specifies the date of the last royalty payment made to the relevant parties. 2. Affidavit of Plugging: This type of affidavit is used when a well is permanently plugged to prevent any further extraction of oil or gas. It includes information about the well, such as its identification number, location, date of plugging, and details of the plugging process. Similarly, it also specifies the date of the last royalty payment made. Both types of affidavits are vital in the oil and gas industry as they provide evidence that the well is no longer in use and has been properly closed. This documentation ensures compliance with regulatory requirements and facilitates the calculation of royalties owed to landowners and other stakeholders. In conclusion, the Pennsylvania Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a crucial legal document in the state's oil and gas industry. It serves to declare when a well has stopped production and has been plugged, while also specifying the date of the last royalty payment. Compliance with these requirements ensures transparency and fairness in the distribution of royalties to all parties involved.