Wyoming Affidavit of Nondevelopment and Nonproduction No Production of Operations Since Specified Time

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• Control #: US-OG-011
• 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). If evidence is needed that there has been no production or operations on a lease, this Affidavit provides those facts. The Wyoming Affidavit of Nondevelopment and Nonproduction No Production of Operations Since Specified Time is a legal document that serves as proof of the absence of any development or production activities in a specified area or property within the state of Wyoming. This affidavit is typically required by the Wyoming Oil and Gas Conservation Commission (WOG CC) or other regulatory bodies when operators or leaseholders need to demonstrate nonproduction or nondevelopment. The purpose of this affidavit is to provide transparency and ensure that stakeholders comply with regulatory requirements. By filing this document, operators can assert that no drilling, extraction, or other oil and gas-related activities have taken place on a specific lease or property within a specified time frame. This affidavit is crucial for leaseholders who want to maintain their rights to develop or produce resources. By certifying the nonexistence of operations, leaseholders can avoid penalties, maintain their leases, and protect their investment until they are ready to begin operations. There are two primary types of Wyoming Affidavit of Nondevelopment and Nonproduction No Production of Operations Since Specified Time: 1. Initial Affidavit: This type of affidavit is filed initially when no development or production operations have occurred within a specified time period since the lease or agreement's inception. It confirms that the leaseholder has not commenced any activities related to oil and gas exploitation. 2. Annual Affidavit: This affidavit is filed annually to affirm that no development or production operations have taken place during a specific calendar year or any other specified period since the last filing. It acts as an ongoing assertion of nonproduction from the leaseholder. The Wyoming Affidavit of Nondevelopment and Nonproduction No Production of Operations Since Specified Time is a vital document in the oil and gas industry, as it provides crucial information to regulatory bodies and leaseholders. Operators must honestly complete and submit this affidavit to ensure compliance with Wyoming state regulations and maintain their leasehold rights.

The Wyoming Affidavit of Nondevelopment and Nonproduction No Production of Operations Since Specified Time is a legal document that serves as proof of the absence of any development or production activities in a specified area or property within the state of Wyoming. This affidavit is typically required by the Wyoming Oil and Gas Conservation Commission (WOG CC) or other regulatory bodies when operators or leaseholders need to demonstrate nonproduction or nondevelopment. The purpose of this affidavit is to provide transparency and ensure that stakeholders comply with regulatory requirements. By filing this document, operators can assert that no drilling, extraction, or other oil and gas-related activities have taken place on a specific lease or property within a specified time frame. This affidavit is crucial for leaseholders who want to maintain their rights to develop or produce resources. By certifying the nonexistence of operations, leaseholders can avoid penalties, maintain their leases, and protect their investment until they are ready to begin operations. There are two primary types of Wyoming Affidavit of Nondevelopment and Nonproduction No Production of Operations Since Specified Time: 1. Initial Affidavit: This type of affidavit is filed initially when no development or production operations have occurred within a specified time period since the lease or agreement's inception. It confirms that the leaseholder has not commenced any activities related to oil and gas exploitation. 2. Annual Affidavit: This affidavit is filed annually to affirm that no development or production operations have taken place during a specific calendar year or any other specified period since the last filing. It acts as an ongoing assertion of nonproduction from the leaseholder. The Wyoming Affidavit of Nondevelopment and Nonproduction No Production of Operations Since Specified Time is a vital document in the oil and gas industry, as it provides crucial information to regulatory bodies and leaseholders. Operators must honestly complete and submit this affidavit to ensure compliance with Wyoming state regulations and maintain their leasehold rights.