West Virginia 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 West Virginia Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document that is used in the oil and gas industry. This affidavit is required when a well in West Virginia has ceased production and the operator intends to permanently plug the well. It serves as a declaration stating the date on which the last royalty payment was made to the mineral rights owners. Keywords: West Virginia, Affidavit of Cessation of Production, Plugging of Well, Last Royalty Payment, oil and gas industry, well operator, mineral rights owners. There are no different types of West Virginia Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment. However, there may be variations in the content of the affidavit depending on specific circumstances, such as the conditions under which production ceased or the type of well-being plugged. Nonetheless, the primary purpose of the document remains the same across all cases. The affidavit typically includes important details such as the well's identification number, location, and the operator's contact information. It also outlines the timeframe during which the well has been non-operational and provides an explanation for the cessation of production, which could be due to various reasons such as reservoir depletion, equipment failure, or economic factors. In addition, the affidavit states the last date on which royalty payments related to the well were made to the mineral rights owners. This ensures that all parties involved are aware of the exact point at which the operator ceased royalty payments and can accurately calculate any remaining obligations or potential legal actions moving forward. To make the document legally binding, it must be signed by the operator and notarized. Once completed, the affidavit should be submitted to the appropriate regulatory agency, such as the West Virginia Department of Environmental Protection, to ensure compliance with state regulations. In summary, the West Virginia Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a crucial document in the oil and gas industry. It serves to formalize the cessation of production and the intention to permanently plug a well, while also specifying the date of the last royalty payment made to the mineral rights owners. This affidavit ensures transparency and clarity regarding the obligations and rights of all parties involved.

The West Virginia Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document that is used in the oil and gas industry. This affidavit is required when a well in West Virginia has ceased production and the operator intends to permanently plug the well. It serves as a declaration stating the date on which the last royalty payment was made to the mineral rights owners. Keywords: West Virginia, Affidavit of Cessation of Production, Plugging of Well, Last Royalty Payment, oil and gas industry, well operator, mineral rights owners. There are no different types of West Virginia Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment. However, there may be variations in the content of the affidavit depending on specific circumstances, such as the conditions under which production ceased or the type of well-being plugged. Nonetheless, the primary purpose of the document remains the same across all cases. The affidavit typically includes important details such as the well's identification number, location, and the operator's contact information. It also outlines the timeframe during which the well has been non-operational and provides an explanation for the cessation of production, which could be due to various reasons such as reservoir depletion, equipment failure, or economic factors. In addition, the affidavit states the last date on which royalty payments related to the well were made to the mineral rights owners. This ensures that all parties involved are aware of the exact point at which the operator ceased royalty payments and can accurately calculate any remaining obligations or potential legal actions moving forward. To make the document legally binding, it must be signed by the operator and notarized. Once completed, the affidavit should be submitted to the appropriate regulatory agency, such as the West Virginia Department of Environmental Protection, to ensure compliance with state regulations. In summary, the West Virginia Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a crucial document in the oil and gas industry. It serves to formalize the cessation of production and the intention to permanently plug a well, while also specifying the date of the last royalty payment made to the mineral rights owners. This affidavit ensures transparency and clarity regarding the obligations and rights of all parties involved.