Texas Affidavit As to Depth of Well by Lessee

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• Control #: US-OG-170
• 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 for stating the well depth. Title: Texas Affidavit As to Depth of Well by Lessee: Explained in Detail Introduction: The Texas Affidavit As to Depth of Well by Lessee is a legal document frequently used in oil and gas lease agreements in Texas. It serves as a sworn statement by the lessee (the party leasing the property) regarding the accurate measurement and recording of the well's depth on a specific tract of land. This comprehensive description will delve into the purpose, key elements, and potential variations of this affidavit. Purpose of the Texas Affidavit As to Depth of Well by Lessee: 1. Verification of Well Depth: The affidavit assures the lessor (the property owner) that the provided well depth measurement is precise and meets the agreed-upon terms. 2. Compliance with Lease Provisions: It ensures the lessee's adherence to contractual obligations concerning well depth, which may have implications for royalty calculations or lease performance. 3. Legal Assurances: By signing this affidavit, the lessee attests to the accuracy of the well depth measurement, protecting both parties against potential disputes or claims in the future. Key Elements of the Texas Affidavit As to Depth of Well by Lessee: 1. Identification Details: The affidavit includes relevant information about the lease, such as the lessor's and lessee's names, effective date, specific property description, and well identification. 2. Sworn Statement: The lessee swears under oath that the depth measurement provided in the affidavit is true, accurate, and reflects the current condition of the well. 3. Certification of Method Used: The affidavit lists the methodology employed to determine the well depth, ensuring transparency and standardization in measurement techniques. 4. Supplemental Information: Additional details about the well, such as its completion status, proposed use, or any relevant lease provisions, may be included in this section. 5. Signature and Notarization: The lessee's signature, accompanied by a notary public's seal, attests to the veracity and legal standing of the affidavit. Types of Texas Affidavit As to Depth of Well by Lessee: 1. Original Well Affidavit: This is the most common type, used when documenting the initial well depth measurement on a lease. 2. Amended Well Affidavit: When modifications or corrections are necessary due to new findings, errors, or amendments to the lease, an amended affidavit is filed to reflect the accurate well depth. 3. Abandoned Well Affidavit: In cases where the well is permanently abandoned, a separate affidavit is necessary to declare the end of the well's productive lifecycle, outlining the final depth measurements and the lessee's compliance with abandonment protocols. Conclusion: Understanding the intricacies and importance of the Texas Affidavit As to Depth of Well by Lessee is vital for both lessors and lessees involved in oil and gas lease agreements in Texas. This sworn document provides legal assurances and certifies the accuracy of well depth measurements. By comprehending its purpose, key elements, and possible variations, parties can ensure compliance, minimize disputes, and establish transparency in the oil and gas industry.

Title: Texas Affidavit As to Depth of Well by Lessee: Explained in Detail Introduction: The Texas Affidavit As to Depth of Well by Lessee is a legal document frequently used in oil and gas lease agreements in Texas. It serves as a sworn statement by the lessee (the party leasing the property) regarding the accurate measurement and recording of the well's depth on a specific tract of land. This comprehensive description will delve into the purpose, key elements, and potential variations of this affidavit. Purpose of the Texas Affidavit As to Depth of Well by Lessee: 1. Verification of Well Depth: The affidavit assures the lessor (the property owner) that the provided well depth measurement is precise and meets the agreed-upon terms. 2. Compliance with Lease Provisions: It ensures the lessee's adherence to contractual obligations concerning well depth, which may have implications for royalty calculations or lease performance. 3. Legal Assurances: By signing this affidavit, the lessee attests to the accuracy of the well depth measurement, protecting both parties against potential disputes or claims in the future. Key Elements of the Texas Affidavit As to Depth of Well by Lessee: 1. Identification Details: The affidavit includes relevant information about the lease, such as the lessor's and lessee's names, effective date, specific property description, and well identification. 2. Sworn Statement: The lessee swears under oath that the depth measurement provided in the affidavit is true, accurate, and reflects the current condition of the well. 3. Certification of Method Used: The affidavit lists the methodology employed to determine the well depth, ensuring transparency and standardization in measurement techniques. 4. Supplemental Information: Additional details about the well, such as its completion status, proposed use, or any relevant lease provisions, may be included in this section. 5. Signature and Notarization: The lessee's signature, accompanied by a notary public's seal, attests to the veracity and legal standing of the affidavit. Types of Texas Affidavit As to Depth of Well by Lessee: 1. Original Well Affidavit: This is the most common type, used when documenting the initial well depth measurement on a lease. 2. Amended Well Affidavit: When modifications or corrections are necessary due to new findings, errors, or amendments to the lease, an amended affidavit is filed to reflect the accurate well depth. 3. Abandoned Well Affidavit: In cases where the well is permanently abandoned, a separate affidavit is necessary to declare the end of the well's productive lifecycle, outlining the final depth measurements and the lessee's compliance with abandonment protocols. Conclusion: Understanding the intricacies and importance of the Texas Affidavit As to Depth of Well by Lessee is vital for both lessors and lessees involved in oil and gas lease agreements in Texas. This sworn document provides legal assurances and certifies the accuracy of well depth measurements. By comprehending its purpose, key elements, and possible variations, parties can ensure compliance, minimize disputes, and establish transparency in the oil and gas industry.