Chicago, Illinois Affidavit As to Acreage Assigned to Spacing/Proration Units Around Producing Wells by Lessee is a legal document used in the oil and gas industry to establish the allocation of acreage within a designated area surrounding producing wells. This affidavit provides important information about the lessee's responsibilities and rights regarding the development and production of oil and gas reserves. The affidavit outlines the specific details of acreage assigned to spacing and proration units, which are defined zones used for efficient drilling and optimal resource extraction. It discloses the boundaries of each unit and the corresponding acreage assigned to it, ensuring accurate production monitoring and allocation. Key elements mentioned in the Chicago, Illinois Affidavit As to Acreage Assigned to Spacing/Proration Units Around Producing Wells by Lessee include: 1. Legal jurisdiction: It specifies that the affidavit is applicable to wells and leases situated within Chicago, Illinois. 2. Lease identification: The document identifies the lease(s) associated with the producing wells for which the affidavit is being filed. This helps to establish the contractual obligations and rights of the lessee. 3. Spacing Unit description: The affidavit provides a thorough description of the spacing unit, including the geographical boundaries, plat maps, and coordinates. It states the specific area within which the wells are deemed to be interconnected for drainage and production purposes. 4. Acreage allocation: The affidavit details the acreage assigned to each spacing unit. This information ensures that the lessee adheres to the regulations and guidelines set by regulatory bodies such as the Illinois Department of Natural Resources, ensuring the fair distribution of production. 5. Proration Unit description: Additional to spacing units, if applicable, the affidavit may mention proration units. These units represent smaller areas within the spacing unit, ensuring efficient distribution and balancing of production among multiple wells. 6. Certification and Notarization: The affidavit requires the signature of the lessee or authorized representative, certifying the accuracy and validity of the information provided. It should also be notarized to verify its authenticity. Other types of Chicago, Illinois Affidavit As to Acreage Assigned to Spacing/Proration Units Around Producing Wells by Lessee may include variations that depend on the specific oil and gas regulations within Chicago, Illinois. Examples of such variations could be: "Chicago, Illinois Affidavit As to Acreage Assigned to Spacing Units Around Producing Wells by Lessee" or "Chicago, Illinois Affidavit As to Acreage Assigned to Proration Units Around Producing Wells by Lessee." These variations are different only in terminology and focus but serve the same purpose of establishing the assigned acreage within a designated area around producing wells.
Chicago Illinois Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee
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