The San Antonio Texas Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is an important legal document that is used in the oil and gas industry. This affidavit is required when a well has reached the end of its productive life and is being permanently plugged. It serves as proof that the well is no longer producing oil or gas and ensures that all royalties and obligations related to the well have been fulfilled. The affidavit contains detailed information about the well, including its location, identification number, and the name of the operator. It also specifies the date on which the last royalty payment was made, indicating the end of the revenue stream generated by the well. Different types of San Antonio Texas Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment may vary based on the specific requirements or regulations set forth by the Texas Railroad Commission, which oversees the oil and gas industry in the state. Some variants may include additional information, such as the reason for cessation and plugging, details about the well's production history, or specific authorization from the Commission. It is crucial to accurately complete this affidavit to avoid any legal consequences or disputes regarding royalty payments or obligations. Oil and gas operators must carefully review and provide all necessary information and supporting documents required by the Commission. Failure to comply with the regulations or provide accurate information may result in penalties or delays in the process of permanently plugging the well and settling royalty payments. In summary, the San Antonio Texas Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is an important document used in the oil and gas industry to formally cease production and permanently plug a well. It ensures that all obligations related to the well, including royalty payments, have been fulfilled. Operators must carefully comply with the relevant regulations and provide accurate information to avoid any legal complications.
San Antonio Texas Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment
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