Cuyahoga Ohio Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee

State:
Multi-State
County:
Cuyahoga
Control #:
US-OG-168
Format:
Word; 
Rich Text
Instant download

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.

A Cuyahoga Ohio 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 determine the allocation and assignment of acreage within specific spacing and proration units around producing wells. This affidavit plays a crucial role in regulating and managing the extraction of natural resources in Cuyahoga County, Ohio. The purpose of this affidavit is to provide a detailed description and declaration of the acreage assigned to spacing and proration units by the lessee, which refers to the party holding the lease or the right to drill and extract oil or gas within a designated area. A spacing unit refers to a specific area of land around a producing well that is considered the minimum size necessary to efficiently extract resources. It is determined by regulatory bodies and typically includes a combination of leased and unleashed acreage. The affidavit will outline the specific acreage assigned to each spacing unit, ensuring compliance with legal and regulatory requirements. Proration units, on the other hand, are used to allocate production and determine the proportionate share of resources each owner within the unit is entitled to. The affidavit will also outline the acreage assigned to each proration unit, ensuring fair distribution of production among leaseholders. Some different types of Cuyahoga Ohio Affidavit As to Acreage Assigned to Spacing/Proration Units by Lessee may include: 1. Spacing Affidavit: This affidavit specifically focuses on the acreage assigned to spacing units around producing wells. It provides detailed information on the designated areas and ensures compliance with regulatory spacing requirements. 2. Proration Affidavit: This affidavit focuses on the acreage assigned to proration units. It outlines the distribution of production and the proportionate share each owner is entitled to within the designated proration unit. 3. Combined Spacing and Proration Affidavit: In some cases, both the spacing and proration units may be addressed in a single affidavit. This document provides a comprehensive overview of the assigned acreage, ensuring compliance with both spacing and proration regulations. 4. Amended Affidavit: If there are any changes or updates to the initial affidavit, an amended affidavit may be filed. This document reflects any modifications to the assigned acreage or changes in the spacing/proration units. In summary, the Cuyahoga Ohio Affidavit As to Acreage Assigned to Spacing/Proration Units Around Producing Wells by Lessee is a critical legal document that ensures proper allocation and distribution of acreage within specific units around producing wells. It helps regulate the oil and gas industry in Cuyahoga County, Ohio, and ensures compliance with regulatory requirements.

Free preview
  • Form preview
  • Form preview

How to fill out Cuyahoga Ohio Affidavit As To Acreage Assigned To Spacing / Proration Units Around Producing Wells By Lessee?

Laws and regulations in every area differ throughout the country. If you're not a lawyer, it's easy to get lost in various norms when it comes to drafting legal documentation. To avoid expensive legal assistance when preparing the Cuyahoga Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee, you need a verified template legitimate for your county. That's when using the US Legal Forms platform is so advantageous.

US Legal Forms is a trusted by millions web catalog of more than 85,000 state-specific legal forms. It's an excellent solution for specialists and individuals searching for do-it-yourself templates for various life and business occasions. All the forms can be used multiple times: once you pick a sample, it remains available in your profile for future use. Thus, when you have an account with a valid subscription, you can simply log in and re-download the Cuyahoga Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee from the My Forms tab.

For new users, it's necessary to make some more steps to obtain the Cuyahoga Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee:

  1. Examine the page content to ensure you found the appropriate sample.
  2. Take advantage of the Preview option or read the form description if available.
  3. Look for another doc if there are inconsistencies with any of your requirements.
  4. Click on the Buy Now button to get the document when you find the appropriate one.
  5. Choose one of the subscription plans and log in or create an account.
  6. Decide how you prefer to pay for your subscription (with a credit card or PayPal).
  7. Pick the format you want to save the file in and click Download.
  8. Fill out and sign the document in writing after printing it or do it all electronically.

That's the simplest and most cost-effective way to get up-to-date templates for any legal reasons. Find them all in clicks and keep your documentation in order with the US Legal Forms!

Form popularity

FAQ

Oil and gas wells can range in depth from a few hundred feet to more than 20,000 feet. In some parts of the world, wells go as deep as 30,000 feet, Zdarko says. Ranging from 1,000 to 2,500 feet deep, Aera's San Joaquin Valley wells are considered shallow.

The Background Ohio Rev. Code § 5301.56. Act provided that a mineral interest "shall be deemed abandoned and vested in the owner of the surface" unless a savings event occurred within the preceding 20 years.

Simply stated, a retained acreage clause is a clause in an oil and gas lease that sets out how much acreage a lessee may retain for each well it drills on the leased premises after the balance of the lease automatically terminates.

Mineral (oil) rights in land required by law to be separately listed and valued for taxation are considered as real estate for taxation purposes.

Every gas well drilled in such pool: a) Shall be on a drilling unit consisting of (1) one hundred sixty (160) contiguous surface acres, or (2) a governmental quarter section containing not less than one hundred forty- four (144) acres or more than one hundred seventy-six (176) acres.

What are Mineral Rights in Ohio? Mineral rights Ohio are normally sold separately from the land where the mineral reside. These rights give holders access to claim the mineral interests on their land.

Buyers will pay an average of your monthly royalty checks multiplied by 50. Unleased acreage can be below $500 an acre to $3,000 an acre depending on location. Acreage leased but not in production can be anywhere from $500 to $5,000 an acre based on activity in your area and production nearby.

1. n. Oil and Gas Business The amount of acreage, determined by governmental authority that can be efficiently and economically drained by a well at a particular depth or horizon.

Regardless of whether the Ohio mineral rights are still held by the property owner, have been sold to someone else by the property owner or have been leased to someone else by the property owner, the ownership records will be recorded by a county recorder.

Back when records began, oil wells were an average of 3,635 feet deep. But that was 65 years ago - and since 1949 we have used up these 'shallow' reserves. Oil is a finite resource, meaning we now have to dig deeper to find it - with the 2008 average depth coming in at an average of 5,964 feet.

Interesting Questions

More info

As with other assets, royalty rights come with a tax liability. County Ad Valorem Tax is levied on producing wells to both Royalty and mineral owners.Books and seminar materials are published as part of the Ohio State Bar. Association's educational services. The land as spelled out in the Constitution of the United States and state constitutions;. Farm-price method or the unit-livestock- price method to determine the costs allocated to any plant or animal produced in the trade or business of. The Company recognizes revenue on tooling contracts when the contract is complete.

Trusted and secure by over 3 million people of the world’s leading companies

Cuyahoga Ohio Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee