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 Washington Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is an important legal document required by the state of Washington for owners or operators of oil or gas wells who have ceased production and are preparing to plug the well permanently. This affidavit serves as proof that the well has been properly plugged and ensures that the cessation of production is reported accurately for royalty payment purposes. The affidavit must contain specific details to be considered valid. First and foremost, it needs to specify the date of the last royalty payment received for the well in question. This information is crucial for the proper calculation and distribution of royalties. Additionally, the affidavit should include the complete legal description of the well, such as the well name, well number, or the appropriate geodetic coordinates to identify its precise location. This affidavit is essential in documenting the cessation of production and subsequent plugging of the well. It helps state regulatory authorities keep accurate records and ensures compliance with environmental guidelines and safety regulations. The affidavit protects the interests of royalty owners, preventing any potential disputes or discrepancies regarding the last royalty payment and cessation of production. While there are no different types of Washington Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment, variations may arise from specific circumstances or regulations applicable to individual wells. However, the core purpose of the affidavit remains consistent throughout these variations — to notify authorities of the cessation of production, plug the well, and specify the date of the last royalty payment. Operators and owners should consult the Washington state regulations and appropriate legal counsel to ensure they complete the affidavit accurately and in compliance with all relevant requirements. Providing complete and accurate information is vital, as any errors or omissions may lead to potential legal complications or delays in finalizing the well closure process. Keywords: Washington, affidavit, cessation of production, plugging of well, last royalty payment, legal document, oil well, gas well, well closure, well name, royalty owners, regulatory authorities, compliance, legal counsel.
The Washington Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is an important legal document required by the state of Washington for owners or operators of oil or gas wells who have ceased production and are preparing to plug the well permanently. This affidavit serves as proof that the well has been properly plugged and ensures that the cessation of production is reported accurately for royalty payment purposes. The affidavit must contain specific details to be considered valid. First and foremost, it needs to specify the date of the last royalty payment received for the well in question. This information is crucial for the proper calculation and distribution of royalties. Additionally, the affidavit should include the complete legal description of the well, such as the well name, well number, or the appropriate geodetic coordinates to identify its precise location. This affidavit is essential in documenting the cessation of production and subsequent plugging of the well. It helps state regulatory authorities keep accurate records and ensures compliance with environmental guidelines and safety regulations. The affidavit protects the interests of royalty owners, preventing any potential disputes or discrepancies regarding the last royalty payment and cessation of production. While there are no different types of Washington Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment, variations may arise from specific circumstances or regulations applicable to individual wells. However, the core purpose of the affidavit remains consistent throughout these variations — to notify authorities of the cessation of production, plug the well, and specify the date of the last royalty payment. Operators and owners should consult the Washington state regulations and appropriate legal counsel to ensure they complete the affidavit accurately and in compliance with all relevant requirements. Providing complete and accurate information is vital, as any errors or omissions may lead to potential legal complications or delays in finalizing the well closure process. Keywords: Washington, affidavit, cessation of production, plugging of well, last royalty payment, legal document, oil well, gas well, well closure, well name, royalty owners, regulatory authorities, compliance, legal counsel.