Broward Florida Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• County: Broward
• Control #: US-OG-187
• 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 is made for the purpose of giving notice that the Lease has been extended beyond its stated primary term in accordance with the terms of the Lease. The Broward Florida Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a legal document used in the state of Florida for extending the duration of an oil and gas lease beyond its initial primary term. This affidavit serves as evidence that there has been consistent production of oil and gas on the leased property during the primary term, and the lessee is seeking an extension to further exploit the resources. Keywords: Broward Florida, Affidavit of Production, Extend Oil and Gas Lease, Primary Term, Oil and Gas Lease, Legal Document, Leased Property, Resources. In Broward Florida, there are two main types of Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term: 1. Standard Broward Florida Affidavit of Production: This affidavit is used when the lessee wishes to extend the oil and gas lease beyond its primary term by providing evidence of continuous and productive operations on the leased property. It contains essential details such as the lease number, lease expiration date, well identification, production data, and any additional information required by the Broward County authorities. 2. Affidavit of Production with Enhanced Terms and Conditions: Sometimes, lessees may seek an extended lease term with modified terms and conditions, such as altered royalty rates or revised drilling obligations. In such cases, an Affidavit of Production with Enhanced Terms and Conditions is utilized. This document includes all the elements of the standard affidavit, along with the proposed changes to the lease agreement, which must be agreed upon by all involved parties. Both types of affidavits must comply with the specific regulations set forth by Broward County, Florida, and follow the guidelines provided by the county's oil and gas regulatory body. Failure to submit a valid and complete affidavit may result in lease termination or legal penalties. It is important for all parties involved in an oil and gas lease in Broward County, Florida, to be familiar with the requirements and process of filing an Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term. Seeking legal advice or consulting an experienced oil and gas attorney can ensure compliance and protect the rights and interests of both lessors and lessees.

The Broward Florida Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a legal document used in the state of Florida for extending the duration of an oil and gas lease beyond its initial primary term. This affidavit serves as evidence that there has been consistent production of oil and gas on the leased property during the primary term, and the lessee is seeking an extension to further exploit the resources. Keywords: Broward Florida, Affidavit of Production, Extend Oil and Gas Lease, Primary Term, Oil and Gas Lease, Legal Document, Leased Property, Resources. In Broward Florida, there are two main types of Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term: 1. Standard Broward Florida Affidavit of Production: This affidavit is used when the lessee wishes to extend the oil and gas lease beyond its primary term by providing evidence of continuous and productive operations on the leased property. It contains essential details such as the lease number, lease expiration date, well identification, production data, and any additional information required by the Broward County authorities. 2. Affidavit of Production with Enhanced Terms and Conditions: Sometimes, lessees may seek an extended lease term with modified terms and conditions, such as altered royalty rates or revised drilling obligations. In such cases, an Affidavit of Production with Enhanced Terms and Conditions is utilized. This document includes all the elements of the standard affidavit, along with the proposed changes to the lease agreement, which must be agreed upon by all involved parties. Both types of affidavits must comply with the specific regulations set forth by Broward County, Florida, and follow the guidelines provided by the county's oil and gas regulatory body. Failure to submit a valid and complete affidavit may result in lease termination or legal penalties. It is important for all parties involved in an oil and gas lease in Broward County, Florida, to be familiar with the requirements and process of filing an Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term. Seeking legal advice or consulting an experienced oil and gas attorney can ensure compliance and protect the rights and interests of both lessors and lessees.