Collin Texas Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• County: Collin
• Control #: US-OG-168
• Format: Word; Rich Text

Description

An affidavit is statement of facts which is sworn to (or affirmed) before an officer who has authority to administer an oath (e.g. a notary public). This affidavit form is for the purpose of describing the location of the well (or wells) drilled on the Lands, and describing the portion of the Lands surrounding each well which is included within the proration/spacing unit for each well. Collin Texas Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is a legal document that pertains to the assignment of acreage for spacing and proration units in relation to productive oil and gas wells in Collin County, Texas. It is a crucial part of the overall lease agreement between the lessee (party granted the rights for oil and gas exploration) and the lessor (landowner). This affidavit ensures that the lessee accurately assigns and delineates the appropriate acreage to establish spacing and proration units around the producing wells. Spacing refers to the designated area of land that a well can effectively drain oil and gas resources. Proration units, on the other hand, determine how production is allocated among the wells within a spacing unit. The affidavit provides a detailed description of the acreage assigned for spacing and proration units. It includes information such as the legal description of the location, the specific boundaries of the assigned acreage, the names of the producing wells, and any other relevant details required by the Texas Railroad Commission (the regulatory body overseeing oil and gas operations in the state). In Collin County, Texas, there may be different types of Collin Texas Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee, including: 1. Initial Affidavit: This affidavit is typically filed by the lessee at the beginning of the exploration and production activities to establish the initial spacing and proration units around the producing wells. 2. Amended Affidavit: If there is a need to modify or update the previously assigned acreage due to changes in well production, acquisition of additional acreage, or any other relevant factors, the lessee files an amended affidavit to reflect the new acreage assignments. 3. Final Affidavit: This affidavit is filed when the well reaches the end of its productive life or when the lease agreement expires. It provides a final overview of the acreage assigned to spacing and proration units and serves as an official record of the well's operations during its lifespan. The Collin Texas Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is a vital document for ensuring compliance with regulatory requirements and accurately determining the allocation of production. It helps maintain transparency between the lessee and the lessor, safeguarding the interests of both parties involved in the oil and gas lease.

Collin Texas Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is a legal document that pertains to the assignment of acreage for spacing and proration units in relation to productive oil and gas wells in Collin County, Texas. It is a crucial part of the overall lease agreement between the lessee (party granted the rights for oil and gas exploration) and the lessor (landowner). This affidavit ensures that the lessee accurately assigns and delineates the appropriate acreage to establish spacing and proration units around the producing wells. Spacing refers to the designated area of land that a well can effectively drain oil and gas resources. Proration units, on the other hand, determine how production is allocated among the wells within a spacing unit. The affidavit provides a detailed description of the acreage assigned for spacing and proration units. It includes information such as the legal description of the location, the specific boundaries of the assigned acreage, the names of the producing wells, and any other relevant details required by the Texas Railroad Commission (the regulatory body overseeing oil and gas operations in the state). In Collin County, Texas, there may be different types of Collin Texas Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee, including: 1. Initial Affidavit: This affidavit is typically filed by the lessee at the beginning of the exploration and production activities to establish the initial spacing and proration units around the producing wells. 2. Amended Affidavit: If there is a need to modify or update the previously assigned acreage due to changes in well production, acquisition of additional acreage, or any other relevant factors, the lessee files an amended affidavit to reflect the new acreage assignments. 3. Final Affidavit: This affidavit is filed when the well reaches the end of its productive life or when the lease agreement expires. It provides a final overview of the acreage assigned to spacing and proration units and serves as an official record of the well's operations during its lifespan. The Collin Texas Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is a vital document for ensuring compliance with regulatory requirements and accurately determining the allocation of production. It helps maintain transparency between the lessee and the lessor, safeguarding the interests of both parties involved in the oil and gas lease.