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

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• City: San Antonio
• 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. San Antonio, Texas Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is a legal document that outlines the allocation and division of land within a designated area for the purpose of oil and gas production activities. This affidavit is typically prepared and submitted by the lessee, who is the operator or the one responsible for managing the lease. The affidavit serves to establish the exact acreage assigned to each Proration Unit and Spacing Unit within the producing wells and is crucial in determining the proper distribution of production revenues and costs among the working interest owners. It provides a comprehensive description of the acreage involved and assists in determining the royalty and working interest owners' percentage interests. The document includes several key elements and relevant keywords such as: 1. Legal Description: The affidavit contains a thorough legal description of the leased premises, including the metes and bounds, section, township, and range information. It identifies the specific location of the producing wells within the designated area. 2. Proration Unit: The document outlines the establishment of Proration Units, which are assigned portions of the acreage encompassing a producing well. These units are defined based on regulatory requirements and are crucial for individual production allocation. 3. Spacing Unit: The affidavit also identifies and describes the Spacing Units, which define the boundaries within which wells can be drilled and operated. These units establish the minimum distance between wells to maximize the recovery and production of oil and gas. 4. Acreage Assigned: The affidavit details the acreage assigned to each Proration Unit and Spacing Unit, indicating the specific size or boundaries of each unit. This information helps determine the proportionate share of production allocated to each unit. 5. Affidavit Validation: The document must be executed and notarized by the lessee or its authorized representative, certifying the accuracy and legitimacy of the assigned acreage and unit allocations. Different types or variations of San Antonio, Texas Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee may not exist, as the content and purpose of the affidavit remain consistent across different oil and gas leases and their specific agreements. However, there may be variations in formatting and wording based on specific lease terms and regulatory requirements. In conclusion, the San Antonio, Texas Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is a critical document that ensures transparency and fairness in the allocation of production revenues and costs among the working interest owners. Its detailed description of assigned acreage and unit boundaries helps maintain accurate record-keeping and facilitates efficient management of oil and gas operations.

San Antonio, Texas Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is a legal document that outlines the allocation and division of land within a designated area for the purpose of oil and gas production activities. This affidavit is typically prepared and submitted by the lessee, who is the operator or the one responsible for managing the lease. The affidavit serves to establish the exact acreage assigned to each Proration Unit and Spacing Unit within the producing wells and is crucial in determining the proper distribution of production revenues and costs among the working interest owners. It provides a comprehensive description of the acreage involved and assists in determining the royalty and working interest owners' percentage interests. The document includes several key elements and relevant keywords such as: 1. Legal Description: The affidavit contains a thorough legal description of the leased premises, including the metes and bounds, section, township, and range information. It identifies the specific location of the producing wells within the designated area. 2. Proration Unit: The document outlines the establishment of Proration Units, which are assigned portions of the acreage encompassing a producing well. These units are defined based on regulatory requirements and are crucial for individual production allocation. 3. Spacing Unit: The affidavit also identifies and describes the Spacing Units, which define the boundaries within which wells can be drilled and operated. These units establish the minimum distance between wells to maximize the recovery and production of oil and gas. 4. Acreage Assigned: The affidavit details the acreage assigned to each Proration Unit and Spacing Unit, indicating the specific size or boundaries of each unit. This information helps determine the proportionate share of production allocated to each unit. 5. Affidavit Validation: The document must be executed and notarized by the lessee or its authorized representative, certifying the accuracy and legitimacy of the assigned acreage and unit allocations. Different types or variations of San Antonio, Texas Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee may not exist, as the content and purpose of the affidavit remain consistent across different oil and gas leases and their specific agreements. However, there may be variations in formatting and wording based on specific lease terms and regulatory requirements. In conclusion, the San Antonio, Texas Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is a critical document that ensures transparency and fairness in the allocation of production revenues and costs among the working interest owners. Its detailed description of assigned acreage and unit boundaries helps maintain accurate record-keeping and facilitates efficient management of oil and gas operations.