Wyoming 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 Wyoming Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is an essential document used in the oil and gas industry to confirm the cessation of production and the plugging of a well in the state of Wyoming. This affidavit is a legal requirement to notify the relevant authorities and terminate the royalty payments. The affidavit serves as an official declaration by the leaseholder or operator that the well has ceased production and has been properly plugged according to Wyoming's regulatory standards. It not only confirms the well's closure but also specifies the date of the last royalty payment made to the lessor. Different types of Wyoming Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment include: 1. Individual Well Affidavit: This type of affidavit is used for a single well that has stopped producing and requires plugging. It details the specific information about the well, including the well identification number, well name, and the production cessation date. It also specifies the last royalty payment made to the lessor. 2. Multi-well Affidavit: In cases where multiple wells operated by the same leaseholder or operator have ceased production, a multi-well affidavit can be used. This affidavit consolidates the information for all the wells that have been shut down, ensuring a streamlined process for declaring the cessation of production and plugging. It includes a list of the wells, their respective identification numbers, cessation dates, and the date of the last royalty payment for each well. 3. Operator Affidavit: When an operator is responsible for managing multiple wells on behalf of several leaseholders, an operator affidavit can be employed to declare the cessation of production and plugging for all the wells under their authority. This affidavit includes the details of the leaseholders, the respective well identification numbers, cessations dates, and the last royalty payment dates for each well managed by the operator. Submitting the Wyoming Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is crucial to ensure compliance with state regulations and to terminate the royalty payments associated with the ceased wells accurately. By promptly completing and submitting the appropriate affidavit, leaseholders and operators fulfill their legal obligations and provide essential information to the authorities for proper record-keeping.

The Wyoming Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is an essential document used in the oil and gas industry to confirm the cessation of production and the plugging of a well in the state of Wyoming. This affidavit is a legal requirement to notify the relevant authorities and terminate the royalty payments. The affidavit serves as an official declaration by the leaseholder or operator that the well has ceased production and has been properly plugged according to Wyoming's regulatory standards. It not only confirms the well's closure but also specifies the date of the last royalty payment made to the lessor. Different types of Wyoming Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment include: 1. Individual Well Affidavit: This type of affidavit is used for a single well that has stopped producing and requires plugging. It details the specific information about the well, including the well identification number, well name, and the production cessation date. It also specifies the last royalty payment made to the lessor. 2. Multi-well Affidavit: In cases where multiple wells operated by the same leaseholder or operator have ceased production, a multi-well affidavit can be used. This affidavit consolidates the information for all the wells that have been shut down, ensuring a streamlined process for declaring the cessation of production and plugging. It includes a list of the wells, their respective identification numbers, cessation dates, and the date of the last royalty payment for each well. 3. Operator Affidavit: When an operator is responsible for managing multiple wells on behalf of several leaseholders, an operator affidavit can be employed to declare the cessation of production and plugging for all the wells under their authority. This affidavit includes the details of the leaseholders, the respective well identification numbers, cessations dates, and the last royalty payment dates for each well managed by the operator. Submitting the Wyoming Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is crucial to ensure compliance with state regulations and to terminate the royalty payments associated with the ceased wells accurately. By promptly completing and submitting the appropriate affidavit, leaseholders and operators fulfill their legal obligations and provide essential information to the authorities for proper record-keeping.