Houston Texas Affidavit As to Termination of Production Payment

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• City: Houston
• Control #: US-OG-171
• 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 used when the Production Payment is deemed to have been satisfied and no longer burdens the Oil and Gas Leases on the Land. Houston, Texas Affidavit As to Termination of Production Payment is a legal document used in the state of Texas to certify the termination of production payment obligations. This affidavit serves as evidence that the payment obligations towards producers have been fulfilled, whether in terms of oil, gas, minerals, or other production rights and interests. In Houston, Texas, there are various types of Affidavits As to Termination of Production Payment, based on the specific nature of the production activity. These include: 1. Oil Production Payment Termination Affidavit: This type of affidavit is used when the production payment obligations related to oil extraction activities in Houston, Texas, are terminated. It certifies that all outstanding payment obligations towards oil producers have been satisfied, releasing the responsible party from any further financial liabilities. 2. Gas Production Payment Termination Affidavit: This affidavit applies to the termination of production payment obligations associated with gas production activities in Houston, Texas. It affirms that all payments due to gas producers have been fully settled, absolving the responsible entity from any future payment responsibilities. 3. Minerals Production Payment Termination Affidavit: This particular affidavit focuses on the cessation of production payment obligations related to minerals extracted in Houston, Texas. It acknowledges that all monetary obligations towards mineral owners have been settled, freeing the party involved from any further payment commitments. 4. Production Rights and Interests Payment Termination Affidavit: This affidavit encompasses the termination of production payment obligations concerning various rights and interests associated with production activities in Houston, Texas. It validates that all financial obligations tied to production rights and interests, such as royalties or net revenue interests, have been duly satisfied, releasing the responsible entity from any additional payment duties. In summary, Houston, Texas Affidavit As to Termination of Production Payment serves as legal proof that payment obligations towards producers in specific production sectors have been fulfilled according to the laws and regulations of Texas. Whether the production payment involves oil, gas, minerals, or other production rights and interests, these affidavits confirm the formal termination of payment obligations, ensuring compliance with legal requirements and facilitating smooth transitions in the production industry.

Houston, Texas Affidavit As to Termination of Production Payment is a legal document used in the state of Texas to certify the termination of production payment obligations. This affidavit serves as evidence that the payment obligations towards producers have been fulfilled, whether in terms of oil, gas, minerals, or other production rights and interests. In Houston, Texas, there are various types of Affidavits As to Termination of Production Payment, based on the specific nature of the production activity. These include: 1. Oil Production Payment Termination Affidavit: This type of affidavit is used when the production payment obligations related to oil extraction activities in Houston, Texas, are terminated. It certifies that all outstanding payment obligations towards oil producers have been satisfied, releasing the responsible party from any further financial liabilities. 2. Gas Production Payment Termination Affidavit: This affidavit applies to the termination of production payment obligations associated with gas production activities in Houston, Texas. It affirms that all payments due to gas producers have been fully settled, absolving the responsible entity from any future payment responsibilities. 3. Minerals Production Payment Termination Affidavit: This particular affidavit focuses on the cessation of production payment obligations related to minerals extracted in Houston, Texas. It acknowledges that all monetary obligations towards mineral owners have been settled, freeing the party involved from any further payment commitments. 4. Production Rights and Interests Payment Termination Affidavit: This affidavit encompasses the termination of production payment obligations concerning various rights and interests associated with production activities in Houston, Texas. It validates that all financial obligations tied to production rights and interests, such as royalties or net revenue interests, have been duly satisfied, releasing the responsible entity from any additional payment duties. In summary, Houston, Texas Affidavit As to Termination of Production Payment serves as legal proof that payment obligations towards producers in specific production sectors have been fulfilled according to the laws and regulations of Texas. Whether the production payment involves oil, gas, minerals, or other production rights and interests, these affidavits confirm the formal termination of payment obligations, ensuring compliance with legal requirements and facilitating smooth transitions in the production industry.