Tennessee Affidavit As to Termination of Production Payment

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• Control #: US-OG-171
• 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 form is used when the Production Payment is deemed to have been satisfied and no longer burdens the Oil and Gas Leases on the Land. The Tennessee Affidavit As to Termination of Production Payment is a legal document used to terminate or release any production payments associated with an oil or gas lease. This affidavit is specific to Tennessee and follows the regulations and requirements set forth by the state. Keywords: Tennessee, Affidavit, Termination, Production Payment, Oil, Gas, Lease. Types of Tennessee Affidavit As to Termination of Production Payment: 1. Individual Termination Affidavit: This type of affidavit is used when an individual wants to terminate their production payment rights in relation to a particular oil or gas lease in Tennessee. It requires the individual to provide relevant information about the lease and confirm their intent to terminate the production payment. 2. Joint Termination Affidavit: In cases where multiple parties share production payment rights in an oil or gas lease in Tennessee, a Joint Termination Affidavit is used. This affidavit requires all parties to provide their consent and agreement to terminate the production payment. 3. Company Termination Affidavit: If a company or corporation holds production payment rights in a Tennessee oil or gas lease, they are required to submit a Company Termination Affidavit to terminate the production payment. This affidavit includes information about the company and its representatives, along with a statement of termination. The Tennessee Affidavit As to Termination of Production Payment plays a crucial role in legally releasing any production payment rights associated with an oil or gas lease in Tennessee. It ensures that all parties involved are aware of and agree to the termination, providing a clear legal record of the released rights.

The Tennessee Affidavit As to Termination of Production Payment is a legal document used to terminate or release any production payments associated with an oil or gas lease. This affidavit is specific to Tennessee and follows the regulations and requirements set forth by the state. Keywords: Tennessee, Affidavit, Termination, Production Payment, Oil, Gas, Lease. Types of Tennessee Affidavit As to Termination of Production Payment: 1. Individual Termination Affidavit: This type of affidavit is used when an individual wants to terminate their production payment rights in relation to a particular oil or gas lease in Tennessee. It requires the individual to provide relevant information about the lease and confirm their intent to terminate the production payment. 2. Joint Termination Affidavit: In cases where multiple parties share production payment rights in an oil or gas lease in Tennessee, a Joint Termination Affidavit is used. This affidavit requires all parties to provide their consent and agreement to terminate the production payment. 3. Company Termination Affidavit: If a company or corporation holds production payment rights in a Tennessee oil or gas lease, they are required to submit a Company Termination Affidavit to terminate the production payment. This affidavit includes information about the company and its representatives, along with a statement of termination. The Tennessee Affidavit As to Termination of Production Payment plays a crucial role in legally releasing any production payment rights associated with an oil or gas lease in Tennessee. It ensures that all parties involved are aware of and agree to the termination, providing a clear legal record of the released rights.