West Virginia 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. The West Virginia Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a legal document used in the state of West Virginia to extend an oil and gas lease beyond its primary term based on the production of oil and gas. This affidavit serves as proof to the lessor that the lessee has produced oil and gas in paying quantities, which is a requirement for extending the lease. The purpose of the West Virginia Affidavit of Production is to ensure that the lease remains valid and in effect beyond its initial primary term. It is crucial for lessees who want to continue exploration and production activities on the leased property. Keywords: West Virginia, Affidavit of Production, Extend, Oil and Gas Lease, Primary Term, Production, Paying Quantities, Lessor, Lessee, Exploration, Valid, Property. There are no different types of West Virginia Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term. However, it's important to note that every lease is unique, and the specific terms and conditions of each lease may differ. The affidavit should be drafted according to the specific requirements outlined in the lease agreement and in compliance with relevant West Virginia state laws and regulations. It is recommended that the Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term be prepared by an experienced attorney or legal professional familiar with West Virginia oil and gas laws. This ensures accuracy and compliance with all legal requirements. In summary, the West Virginia Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a critical document in the oil and gas industry. It allows lessees to extend their leases based on proven production of oil and gas in paying quantities. This affidavit serves as evidence of production to the lessor, confirming the lessee's right to continue the lease and engage in exploration and production activities on the property.

The West Virginia Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a legal document used in the state of West Virginia to extend an oil and gas lease beyond its primary term based on the production of oil and gas. This affidavit serves as proof to the lessor that the lessee has produced oil and gas in paying quantities, which is a requirement for extending the lease. The purpose of the West Virginia Affidavit of Production is to ensure that the lease remains valid and in effect beyond its initial primary term. It is crucial for lessees who want to continue exploration and production activities on the leased property. Keywords: West Virginia, Affidavit of Production, Extend, Oil and Gas Lease, Primary Term, Production, Paying Quantities, Lessor, Lessee, Exploration, Valid, Property. There are no different types of West Virginia Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term. However, it's important to note that every lease is unique, and the specific terms and conditions of each lease may differ. The affidavit should be drafted according to the specific requirements outlined in the lease agreement and in compliance with relevant West Virginia state laws and regulations. It is recommended that the Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term be prepared by an experienced attorney or legal professional familiar with West Virginia oil and gas laws. This ensures accuracy and compliance with all legal requirements. In summary, the West Virginia Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a critical document in the oil and gas industry. It allows lessees to extend their leases based on proven production of oil and gas in paying quantities. This affidavit serves as evidence of production to the lessor, confirming the lessee's right to continue the lease and engage in exploration and production activities on the property.