Franklin 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: Franklin
• 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 Franklin Ohio Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document used in the oil and gas industry to officially declare the cessation of production and the plugging of a well in the Franklin Ohio area. This affidavit is filed by the operator or leaseholder of the well to provide necessary information regarding the well's closure and the last date of royalty payment. The affidavit serves as proof that the well is no longer in production and that all operations related to it have been properly concluded according to the state's regulations. It ensures that the well is adequately plugged, maintaining safety and environmental standards at the site. Keywords for this topic may include: 1. Franklin Ohio: This refers to the specific geographical area in Ohio where the well is located. 2. Affidavit: A legal document that requires the affine (the person making the statement) to provide sworn testimony, in this case, about the cessation of production and the plugging of the well. 3. Cessation of Production: The official termination of oil or gas extraction from the well. 4. Plugging of Well: The process of permanently sealing the well bore to prevent any migration of fluids between different formations underground. 5. Royalty Payment: The compensation paid to the mineral rights owner or leaseholder based on the extracted oil or gas, typically calculated as a percentage of production. Different types of Franklin Ohio Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment can include variations based on specific requirements or guidelines set by the Franklin Ohio authorities. Although there may be different versions, their purpose and essential components remain the same: to provide confirmation of the well's closure and the last date of royalty payment.

The Franklin Ohio Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document used in the oil and gas industry to officially declare the cessation of production and the plugging of a well in the Franklin Ohio area. This affidavit is filed by the operator or leaseholder of the well to provide necessary information regarding the well's closure and the last date of royalty payment. The affidavit serves as proof that the well is no longer in production and that all operations related to it have been properly concluded according to the state's regulations. It ensures that the well is adequately plugged, maintaining safety and environmental standards at the site. Keywords for this topic may include: 1. Franklin Ohio: This refers to the specific geographical area in Ohio where the well is located. 2. Affidavit: A legal document that requires the affine (the person making the statement) to provide sworn testimony, in this case, about the cessation of production and the plugging of the well. 3. Cessation of Production: The official termination of oil or gas extraction from the well. 4. Plugging of Well: The process of permanently sealing the well bore to prevent any migration of fluids between different formations underground. 5. Royalty Payment: The compensation paid to the mineral rights owner or leaseholder based on the extracted oil or gas, typically calculated as a percentage of production. Different types of Franklin Ohio Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment can include variations based on specific requirements or guidelines set by the Franklin Ohio authorities. Although there may be different versions, their purpose and essential components remain the same: to provide confirmation of the well's closure and the last date of royalty payment.