Wayne Michigan 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: Wayne
• 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 Wayne Michigan Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document that provides detailed information regarding the cessation of production and plugging of a well in Wayne, Michigan, along with the specific date of the last royalty payment received. This affidavit serves as an important record for the oil and gas industry, ensuring compliance with regulatory requirements and maintaining transparency. This Affidavit of Cessation of Production and Plugging of Well is crucial in the oil and gas sector as it helps in the accurate reporting of well activities and royalty payments. It is used to document the date on which production from a well was ceased and the subsequent plugging of the well. This affidavit specifies the cessation of any production or extraction activities, confirming that the well is no longer active and all operations have been properly ceased according to the regulations. The specific date of the last royalty payment received is a critical component of this document. It indicates the most recent date on which the owner or operator of the well-received royalties for the production. This information is important for royalty owners, investors, and governmental bodies to ensure compliance with royalty payment regulations and determine the status of the well for taxation and revenue purposes. Types of Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment may include different versions depending on the specific circumstances or requirements. For instance, there could be variations based on the type of well, such as oil, gas, or both. Each type may have its own set of guidelines and regulations for cessation of production and plugging. Additionally, variations may also exist based on the specific jurisdiction within Wayne, Michigan, or other administrative or legal considerations. In summary, the Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment in Wayne, Michigan, is a vital legal document that ensures compliance and transparency in the oil and gas industry. It serves as a record of the cessation of production and plugging of a well, while specifying the date of the last royalty payment received. The specific types of affidavits may vary depending on factors such as the type of well and jurisdiction within Wayne, Michigan.

The Wayne Michigan Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document that provides detailed information regarding the cessation of production and plugging of a well in Wayne, Michigan, along with the specific date of the last royalty payment received. This affidavit serves as an important record for the oil and gas industry, ensuring compliance with regulatory requirements and maintaining transparency. This Affidavit of Cessation of Production and Plugging of Well is crucial in the oil and gas sector as it helps in the accurate reporting of well activities and royalty payments. It is used to document the date on which production from a well was ceased and the subsequent plugging of the well. This affidavit specifies the cessation of any production or extraction activities, confirming that the well is no longer active and all operations have been properly ceased according to the regulations. The specific date of the last royalty payment received is a critical component of this document. It indicates the most recent date on which the owner or operator of the well-received royalties for the production. This information is important for royalty owners, investors, and governmental bodies to ensure compliance with royalty payment regulations and determine the status of the well for taxation and revenue purposes. Types of Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment may include different versions depending on the specific circumstances or requirements. For instance, there could be variations based on the type of well, such as oil, gas, or both. Each type may have its own set of guidelines and regulations for cessation of production and plugging. Additionally, variations may also exist based on the specific jurisdiction within Wayne, Michigan, or other administrative or legal considerations. In summary, the Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment in Wayne, Michigan, is a vital legal document that ensures compliance and transparency in the oil and gas industry. It serves as a record of the cessation of production and plugging of a well, while specifying the date of the last royalty payment received. The specific types of affidavits may vary depending on factors such as the type of well and jurisdiction within Wayne, Michigan.