Palm Beach Florida Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment

State:
Multi-State
County:
Palm Beach
Control #:
US-OG-008
Format:
Word; 
Rich Text
Instant download

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.
Palm Beach, Florida, located on the eastern coast of the Sunshine State, is renowned for its stunning beaches, vibrant culture, and luxurious lifestyle. This picturesque destination is widely known as a paradise for those seeking relaxation, recreation, and entertainment. With its palm tree-lined streets, upscale shopping districts, and prestigious golf courses, Palm Beach stands out as a haven for the elite. Now, let's dive into the world of legal documents specific to the oil and gas industry. One such document that is essential for ensuring proper compliance is the Palm Beach Florida Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment. This affidavit plays a crucial role in accurately documenting the cessation of well production and specifying the date of the last royalty payment received. In the realm of oil and gas production, multiple types of Palm Beach Florida Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment can be distinguished based on specific circumstances. For instance: 1. Standard Affidavit of Cessation of Production: This document is typically used when a well ceases production temporarily or permanently. It serves as evidence for the cessation of operations and ensures that all the necessary regulatory requirements are met. 2. Affidavit of Cessation of Production and Plugging: This type of affidavit is specifically tailored for wells that have reached the end of their productive life and require plugging. It outlines the cessation of production and specifies the date when the royalty payment was last received. 3. Affidavit of Cessation of Production and Reopening: This variant of the affidavit is used when a previously ceased well resumes production after extensive maintenance or upgrades. It acknowledges the temporary halt in production and the date of the last royalty payment before reopening. 4. Affidavit of Partial Cessation of Production: In certain cases, a well may experience a decrease in production rather than a complete halt. This affidavit is employed when a well undergoes partial cessation, which can impact the date of the last royalty payment. These various types of the Palm Beach Florida Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment ensure that businesses in the oil and gas industry comply with regulations, accurately record the cessation of production, and clearly state the date of the last royalty payment received. Overall, Palm Beach, Florida, offers serene beaches and a luxurious lifestyle, while the Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment assists in the proper compliance and documentation required in the oil and gas industry.

Palm Beach, Florida, located on the eastern coast of the Sunshine State, is renowned for its stunning beaches, vibrant culture, and luxurious lifestyle. This picturesque destination is widely known as a paradise for those seeking relaxation, recreation, and entertainment. With its palm tree-lined streets, upscale shopping districts, and prestigious golf courses, Palm Beach stands out as a haven for the elite. Now, let's dive into the world of legal documents specific to the oil and gas industry. One such document that is essential for ensuring proper compliance is the Palm Beach Florida Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment. This affidavit plays a crucial role in accurately documenting the cessation of well production and specifying the date of the last royalty payment received. In the realm of oil and gas production, multiple types of Palm Beach Florida Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment can be distinguished based on specific circumstances. For instance: 1. Standard Affidavit of Cessation of Production: This document is typically used when a well ceases production temporarily or permanently. It serves as evidence for the cessation of operations and ensures that all the necessary regulatory requirements are met. 2. Affidavit of Cessation of Production and Plugging: This type of affidavit is specifically tailored for wells that have reached the end of their productive life and require plugging. It outlines the cessation of production and specifies the date when the royalty payment was last received. 3. Affidavit of Cessation of Production and Reopening: This variant of the affidavit is used when a previously ceased well resumes production after extensive maintenance or upgrades. It acknowledges the temporary halt in production and the date of the last royalty payment before reopening. 4. Affidavit of Partial Cessation of Production: In certain cases, a well may experience a decrease in production rather than a complete halt. This affidavit is employed when a well undergoes partial cessation, which can impact the date of the last royalty payment. These various types of the Palm Beach Florida Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment ensure that businesses in the oil and gas industry comply with regulations, accurately record the cessation of production, and clearly state the date of the last royalty payment received. Overall, Palm Beach, Florida, offers serene beaches and a luxurious lifestyle, while the Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment assists in the proper compliance and documentation required in the oil and gas industry.

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FAQ

A payment stipulated in the oil and gas lease, which royalty owners receive in lieu of actual production, when a gas well is shut-in due to lack of a suitable market, a lack of facilities to produce the product, or other cases defined within the shut-in provisions contained in the oil and gas lease.

To shut in a well means to make it not produce, so we'll start with a primer on production. When a well is producing it means the well has been drilled, completed in a reservoir, and oil and/or gas is somehow moving up the wellbore and to the surface facility.

Well Classifications There are six main classification within the life cycle of an oil or natural gas well. A well may be Active, Inactive, Suspended, Abandoned, Orphaned or Reclaimed. The life cycle of any well begins with an active classification and ends after reclamation.

in clause (or shutin royalty clause) traditionally allows the lessee to maintain the lease by making shutin payments on a well capable of producing oil or gas in paying quantities where the oil or gas cannot be marketed, whether due to a lack of pipeline connection or otherwise.

After obtaining production from a previously shut-in well, the well may be shut in again for a maximum term of five years as provided in the lease and subsection (h)(1) of this section.

Shut in a well in the Oil and Gas Industry (0283028ct 026an 0259 w025bl) phrase. (Extractive engineering: Field development, Drilling) To shut in a well is to close off a well so that it stops producing. An emergency shutdown valve was installed on the wellhead to shut in the well at any time.

Essentially, the shut-in royalty provision allows a lessee to temporarily cease production (i.e., shut-in a well) and pay a shut-in royalty to the lessor in place of the royalty on production that is not occurring during the shut-in period.

1. n. Well Testing A well with a valve closed to halt production. Wells are often closed in for a period of time to allow stabilization prior to beginning a drawdown-buildup test sequence.

Definition of 'shut in a well' The company had to shut in a well that began producing water in order to prevent contamination of the dry oil from other wells when production was commingled. To shut in a well is to close off a well so that it stops producing.

More info

(A) OIL Royalty payable on 011. Which is defined as including aU hydrocarbons produced in a liquid form at the mouth of the well and also as.At the time and on the date specified in the Advertisement for Bids. 2, Drilling Inspector Examination Application – The application has been completely revised. Offices located at: 7501 North Jog Road. West Palm Beach, Florida 33412 on the date and at the time specified on the Invitation to Bid. The. I can not go on line with my cell phone, she squelches the signal or knocks me out of the server. 48 pagesMissing: Palm ‎Beach ‎Affidavit ‎Plugging Sense of Congress on accelerated production of aircraft carriers. Sec. TITLE: CONTRACT FOR THE CONSTRUCTION OF WATER TREATMENT PLANT HIGH SERVICE PUMPS.

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Palm Beach Florida Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment