Kings New York 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: Kings
• 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 Kings New York Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document used in the state of New York to formally declare the end of oil or gas production from a well and the cessation of royalty payments. This affidavit serves as proof that the well has been plugged according to state regulations and that no further production is expected. The affidavit includes various essential details, such as the well's identification, location, and operator information. It specifies the exact date of the last royalty payment made to the owner (or the cessation of royalty payments altogether). This document is typically required by regulatory authorities or companies involved in oil and gas operations to maintain accurate records and ensure compliance with the law. In some cases, there may be additional types or variations of the Kings New York Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment. These could include: 1. Partial Cessation Affidavit: This type of affidavit is used when only a portion of the well's production has ceased, rather than a complete shutdown. It still requires specifying the date of the last royalty payment but indicates that partial production is ongoing. 2. Temporary Cessation Affidavit: This affidavit is used when production from the well is temporarily halted due to maintenance, repairs, or unforeseen circumstances. It outlines the expected duration of the cessation, during which no royalty payments are made. 3. Permanent Shut-In Affidavit: In certain situations, rather than complete plugging of the well, it may be temporarily shut-in or placed on standby due to market conditions or logistics. This affidavit states the reasons for the well's shut-in status and the date of the last royalty payment until production resumes. The Kings New York Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment ensures transparency and accountability in the oil and gas industry. It helps maintain accurate records of well operations while providing legal confirmation of the well's closure and subsequent cessation of royalty payments.

The Kings New York Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document used in the state of New York to formally declare the end of oil or gas production from a well and the cessation of royalty payments. This affidavit serves as proof that the well has been plugged according to state regulations and that no further production is expected. The affidavit includes various essential details, such as the well's identification, location, and operator information. It specifies the exact date of the last royalty payment made to the owner (or the cessation of royalty payments altogether). This document is typically required by regulatory authorities or companies involved in oil and gas operations to maintain accurate records and ensure compliance with the law. In some cases, there may be additional types or variations of the Kings New York Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment. These could include: 1. Partial Cessation Affidavit: This type of affidavit is used when only a portion of the well's production has ceased, rather than a complete shutdown. It still requires specifying the date of the last royalty payment but indicates that partial production is ongoing. 2. Temporary Cessation Affidavit: This affidavit is used when production from the well is temporarily halted due to maintenance, repairs, or unforeseen circumstances. It outlines the expected duration of the cessation, during which no royalty payments are made. 3. Permanent Shut-In Affidavit: In certain situations, rather than complete plugging of the well, it may be temporarily shut-in or placed on standby due to market conditions or logistics. This affidavit states the reasons for the well's shut-in status and the date of the last royalty payment until production resumes. The Kings New York Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment ensures transparency and accountability in the oil and gas industry. It helps maintain accurate records of well operations while providing legal confirmation of the well's closure and subsequent cessation of royalty payments.