Washington 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. Washington Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a legal document used in the state of Washington to extend the lease term for oil and gas production beyond its initial or primary term. This affidavit serves as proof of production to fulfill the requirements set forth in the lease agreement. To extend an oil and gas lease beyond its primary term in Washington, operators are required to submit an Affidavit of Production to the respective regulatory agency. This affidavit attests that the lessee has achieved sufficient production within the primary term of the lease, as stipulated in the lease agreement. It serves as evidence that the lessee has met the lease's production requirements, allowing the lease to continue beyond its initial term. The Washington Affidavit of Production is a crucial document that facilitates the continuation of oil and gas operations while ensuring compliance with state regulations. It provides necessary information about the amount, duration, and consistency of production on the leased premises. This affidavit demonstrates the lessee's commitment and ability to effectively produce oil and gas, contributing to the economic growth of the state. Different types of Washington Affidavits of Production to Extend Oil and Gas Lease Beyond Primary Term may include: 1. Initial Affidavit of Production: This type of affidavit is the first one submitted by the lessee to extend the lease beyond its primary term. It confirms the initial production levels achieved during the primary term. 2. Annual Affidavit of Production: Once the lease is extended, operators are typically required to submit annual affidavits. These affidavits provide updates on production activities and verify continued output during each subsequent year of the lease. 3. Revised Affidavit of Production: In cases where production numbers provided in previous affidavits need to be amended or corrected, a revised affidavit is submitted to rectify any inaccuracies and ensure accurate reporting. 4. Final Affidavit of Production: When the lease is concluded or abandoned, a final affidavit is filed to record the final production details and close out the lease obligations officially. It is essential for oil and gas operators in Washington to precisely adhere to the requirements outlined in the Washington Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term. This document, whether in its initial, annual, revised, or final form, plays a central role in determining the lease's continuity and substantiates the operator's compliance with state regulations.

Washington Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a legal document used in the state of Washington to extend the lease term for oil and gas production beyond its initial or primary term. This affidavit serves as proof of production to fulfill the requirements set forth in the lease agreement. To extend an oil and gas lease beyond its primary term in Washington, operators are required to submit an Affidavit of Production to the respective regulatory agency. This affidavit attests that the lessee has achieved sufficient production within the primary term of the lease, as stipulated in the lease agreement. It serves as evidence that the lessee has met the lease's production requirements, allowing the lease to continue beyond its initial term. The Washington Affidavit of Production is a crucial document that facilitates the continuation of oil and gas operations while ensuring compliance with state regulations. It provides necessary information about the amount, duration, and consistency of production on the leased premises. This affidavit demonstrates the lessee's commitment and ability to effectively produce oil and gas, contributing to the economic growth of the state. Different types of Washington Affidavits of Production to Extend Oil and Gas Lease Beyond Primary Term may include: 1. Initial Affidavit of Production: This type of affidavit is the first one submitted by the lessee to extend the lease beyond its primary term. It confirms the initial production levels achieved during the primary term. 2. Annual Affidavit of Production: Once the lease is extended, operators are typically required to submit annual affidavits. These affidavits provide updates on production activities and verify continued output during each subsequent year of the lease. 3. Revised Affidavit of Production: In cases where production numbers provided in previous affidavits need to be amended or corrected, a revised affidavit is submitted to rectify any inaccuracies and ensure accurate reporting. 4. Final Affidavit of Production: When the lease is concluded or abandoned, a final affidavit is filed to record the final production details and close out the lease obligations officially. It is essential for oil and gas operators in Washington to precisely adhere to the requirements outlined in the Washington Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term. This document, whether in its initial, annual, revised, or final form, plays a central role in determining the lease's continuity and substantiates the operator's compliance with state regulations.