Cuyahoga Ohio Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• County: Cuyahoga
• 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 Cuyahoga Ohio 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. This affidavit is used to officially declare the cessation of production and the need to plug a well in Cuyahoga County, Ohio. By filing this affidavit, the operator provides important information about the well and its recent activity, particularly the date of the last royalty payment. The purpose is to accurately record and track the cessation of production and ensure proper compliance with regulations. The Affidavit of Cessation of Production and Plugging of Well in Cuyahoga Ohio serves as a legal declaration that cessation of production has occurred in a specific well and outlines the timeline for plugging activities in accordance with the administrative rules and regulations of the local authority. This affidavit serves several purposes, such as: 1. Official Notification: The affidavit acts as an official notice to the relevant regulatory bodies and any stakeholders associated with the well that production has ceased in Cuyahoga County. 2. Compliance and Accountability: By submitting this affidavit, operators fulfill their regulatory obligations and demonstrate their adherence to local regulations governing the cessation and plugging of wells. 3. Royalty Payment Information: The affidavit specifies the date of the last royalty payment, which is crucial for monitoring and verifying revenue distribution among stakeholders. It's worth mentioning that while the core purpose of this affidavit remains constant across all Cuyahoga County wells, there might be variations in specific types or versions of the affidavit, as per the local authority's requirements. These variations could include additional sections or information to be provided, depending on the well's characteristics or the current regulatory framework. To ensure compliance, operators and stakeholders must accurately complete the Cuyahoga Ohio Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment. Proper completion of the affidavit guarantees that relevant authorities have a comprehensive understanding of the cessation and plugging process and facilitates an efficient transition from active well operations to proper well abandonment.

The Cuyahoga Ohio 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. This affidavit is used to officially declare the cessation of production and the need to plug a well in Cuyahoga County, Ohio. By filing this affidavit, the operator provides important information about the well and its recent activity, particularly the date of the last royalty payment. The purpose is to accurately record and track the cessation of production and ensure proper compliance with regulations. The Affidavit of Cessation of Production and Plugging of Well in Cuyahoga Ohio serves as a legal declaration that cessation of production has occurred in a specific well and outlines the timeline for plugging activities in accordance with the administrative rules and regulations of the local authority. This affidavit serves several purposes, such as: 1. Official Notification: The affidavit acts as an official notice to the relevant regulatory bodies and any stakeholders associated with the well that production has ceased in Cuyahoga County. 2. Compliance and Accountability: By submitting this affidavit, operators fulfill their regulatory obligations and demonstrate their adherence to local regulations governing the cessation and plugging of wells. 3. Royalty Payment Information: The affidavit specifies the date of the last royalty payment, which is crucial for monitoring and verifying revenue distribution among stakeholders. It's worth mentioning that while the core purpose of this affidavit remains constant across all Cuyahoga County wells, there might be variations in specific types or versions of the affidavit, as per the local authority's requirements. These variations could include additional sections or information to be provided, depending on the well's characteristics or the current regulatory framework. To ensure compliance, operators and stakeholders must accurately complete the Cuyahoga Ohio Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment. Proper completion of the affidavit guarantees that relevant authorities have a comprehensive understanding of the cessation and plugging process and facilitates an efficient transition from active well operations to proper well abandonment.