Collin Texas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• County: Collin
• 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 Collin Texas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is an important legal document used in the oil and gas industry. This affidavit serves to extend the duration of an existing lease beyond its initial primary term. It is usually required when the lessee wants to continue exploring for and producing oil and gas from the leased property. The purpose of the Collin Texas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is to provide proof of production from the leased property during the primary term of the lease. By submitting this affidavit, the lessee can demonstrate that they have been actively producing from the property, and therefore, are entitled to an extension of the lease. This affidavit includes various essential details and information related to the lease, including the identification of the lessor and lessee, the property description, the original lease terms, and the primary term expiration date. Additionally, it requires the lessee to provide detailed information about the production activities conducted on the leased property during the primary term. Some key information requested in the Collin Texas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term includes the number of producing wells, their locations, the production amounts for each well, and the total production from the entire leased property. This information is crucial as it helps determine the lessee's eligibility to extend the lease under the provisions stated in the original lease agreement. It is important to note that every lease agreement may have specific requirements and variations in the Collin Texas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term. Different types or variations of this affidavit may exist depending on specific circumstances or additional terms mentioned in the original lease agreement. In some cases, there might be a requirement to submit a Collin Texas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term annually, demonstrating consistent production throughout each year of the primary term. This ensures that the lessee is actively and continuously engaged in oil and gas production, justifying the extension of the lease. In summary, the Collin Texas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a necessary legal document used in the oil and gas industry. Its purpose is to provide proof of production during the primary term of a lease and enable the lessee to extend the lease beyond its initial term. Different variations of this affidavit may exist depending on the specific requirements outlined in the original lease agreement.

The Collin Texas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is an important legal document used in the oil and gas industry. This affidavit serves to extend the duration of an existing lease beyond its initial primary term. It is usually required when the lessee wants to continue exploring for and producing oil and gas from the leased property. The purpose of the Collin Texas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is to provide proof of production from the leased property during the primary term of the lease. By submitting this affidavit, the lessee can demonstrate that they have been actively producing from the property, and therefore, are entitled to an extension of the lease. This affidavit includes various essential details and information related to the lease, including the identification of the lessor and lessee, the property description, the original lease terms, and the primary term expiration date. Additionally, it requires the lessee to provide detailed information about the production activities conducted on the leased property during the primary term. Some key information requested in the Collin Texas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term includes the number of producing wells, their locations, the production amounts for each well, and the total production from the entire leased property. This information is crucial as it helps determine the lessee's eligibility to extend the lease under the provisions stated in the original lease agreement. It is important to note that every lease agreement may have specific requirements and variations in the Collin Texas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term. Different types or variations of this affidavit may exist depending on specific circumstances or additional terms mentioned in the original lease agreement. In some cases, there might be a requirement to submit a Collin Texas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term annually, demonstrating consistent production throughout each year of the primary term. This ensures that the lessee is actively and continuously engaged in oil and gas production, justifying the extension of the lease. In summary, the Collin Texas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a necessary legal document used in the oil and gas industry. Its purpose is to provide proof of production during the primary term of a lease and enable the lessee to extend the lease beyond its initial term. Different variations of this affidavit may exist depending on the specific requirements outlined in the original lease agreement.