Maricopa Arizona 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: Maricopa
• 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 Maricopa Arizona 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. This affidavit serves the purpose of formally declaring the cessation of production and the plugging of a well, while also specifying the date of the last royalty payment made. In Maricopa, Arizona, where oil and gas production is prevalent, this affidavit plays a crucial role in ensuring compliance with industry regulations and proper documentation of well activities. It is important to accurately complete this affidavit to avoid any legal complications or disputes related to royalty payments and well operations. There are different types of Maricopa Arizona Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment that may be required, depending on specific circumstances and requirements. Some of these variations may include: 1. Standard Affidavit of Cessation: This type of affidavit is used when there is a complete halt in production from the well and the decision has been made to permanently cease all operations. It will outline the relevant information such as the well's location, identification, and the date of the last royalty payment made. 2. Temporary Cessation Affidavit: In some cases, wells may be temporarily shut down due to maintenance, repairs, or other operational reasons. This type of affidavit is utilized when there is a temporary cessation of production, and it specifies a date when regular production is expected to resume. It also identifies the date of the last royalty payment received. 3. Plugging and Abandonment Affidavit: When a well reaches the end of its productive life and is being permanently plugged and abandoned, this affidavit is required. It confirms the plugging of the well and details the specific activities carried out during the plugging process. It also records the date of the last royalty payment received before the plugging operations. Ensuring accurate and timely completion of the Maricopa Arizona Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is crucial for operators to remain compliant with state and federal regulations. It serves as a legal record of well production cessation, plugging activities, and the date of the last royalty payment made.

The Maricopa Arizona 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. This affidavit serves the purpose of formally declaring the cessation of production and the plugging of a well, while also specifying the date of the last royalty payment made. In Maricopa, Arizona, where oil and gas production is prevalent, this affidavit plays a crucial role in ensuring compliance with industry regulations and proper documentation of well activities. It is important to accurately complete this affidavit to avoid any legal complications or disputes related to royalty payments and well operations. There are different types of Maricopa Arizona Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment that may be required, depending on specific circumstances and requirements. Some of these variations may include: 1. Standard Affidavit of Cessation: This type of affidavit is used when there is a complete halt in production from the well and the decision has been made to permanently cease all operations. It will outline the relevant information such as the well's location, identification, and the date of the last royalty payment made. 2. Temporary Cessation Affidavit: In some cases, wells may be temporarily shut down due to maintenance, repairs, or other operational reasons. This type of affidavit is utilized when there is a temporary cessation of production, and it specifies a date when regular production is expected to resume. It also identifies the date of the last royalty payment received. 3. Plugging and Abandonment Affidavit: When a well reaches the end of its productive life and is being permanently plugged and abandoned, this affidavit is required. It confirms the plugging of the well and details the specific activities carried out during the plugging process. It also records the date of the last royalty payment received before the plugging operations. Ensuring accurate and timely completion of the Maricopa Arizona Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is crucial for operators to remain compliant with state and federal regulations. It serves as a legal record of well production cessation, plugging activities, and the date of the last royalty payment made.