Wake North Carolina Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• County: Wake
• 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. The Wake North Carolina Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is a crucial legal document in the oil and gas industry. It outlines the allocation of acreage within designated spacing or proration units around producing wells as determined by the lessee. This affidavit serves to establish the boundaries and extents of the areas assigned to the lessee for drilling and production purposes. It ensures proper management and allocation of resources, adhering to regulations and guidelines set by the Wake North Carolina authority. The Wake North Carolina Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee may vary depending on specific situations and requirements. Here are a few different types that may exist: 1. Single Well Affidavit: This type of affidavit applies when there is only one producing well within the assigned acreage. It defines the boundaries as per the lessee's lease agreement. 2. Multiple Well Affidavit: In cases where there are multiple producing wells in the same spacing / proration unit, this affidavit details how the acreage is divided and allocated among the wells. 3. Updated Affidavit: This type of affidavit is filed when there are changes or revisions to the original acreage allocation due to factors such as new drilling, well production modifications, or changes in lease agreements. 4. Unit Expansion Affidavit: When the spacing / proration units around producing wells need to be expanded to include additional acreage, this affidavit is used to document and formalize the expanded boundaries. 5. Unit Reduction Affidavit: In situations where the spacing / proration unit boundaries need to be decreased or altered, this affidavit is utilized to redefine the assigned acreage around the producing well. Keywords: Wake North Carolina, Affidavit, Acreage, Spacing, Proration units, Producing wells, Lessee, Oil and Gas industry, Drilling, Production, Boundaries, Allocation, Resources, Regulations, Guidelines, Lease agreement, Single Well, Multiple Well, Updated, Unit Expansion, Unit Reduction.

The Wake North Carolina Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is a crucial legal document in the oil and gas industry. It outlines the allocation of acreage within designated spacing or proration units around producing wells as determined by the lessee. This affidavit serves to establish the boundaries and extents of the areas assigned to the lessee for drilling and production purposes. It ensures proper management and allocation of resources, adhering to regulations and guidelines set by the Wake North Carolina authority. The Wake North Carolina Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee may vary depending on specific situations and requirements. Here are a few different types that may exist: 1. Single Well Affidavit: This type of affidavit applies when there is only one producing well within the assigned acreage. It defines the boundaries as per the lessee's lease agreement. 2. Multiple Well Affidavit: In cases where there are multiple producing wells in the same spacing / proration unit, this affidavit details how the acreage is divided and allocated among the wells. 3. Updated Affidavit: This type of affidavit is filed when there are changes or revisions to the original acreage allocation due to factors such as new drilling, well production modifications, or changes in lease agreements. 4. Unit Expansion Affidavit: When the spacing / proration units around producing wells need to be expanded to include additional acreage, this affidavit is used to document and formalize the expanded boundaries. 5. Unit Reduction Affidavit: In situations where the spacing / proration unit boundaries need to be decreased or altered, this affidavit is utilized to redefine the assigned acreage around the producing well. Keywords: Wake North Carolina, Affidavit, Acreage, Spacing, Proration units, Producing wells, Lessee, Oil and Gas industry, Drilling, Production, Boundaries, Allocation, Resources, Regulations, Guidelines, Lease agreement, Single Well, Multiple Well, Updated, Unit Expansion, Unit Reduction.