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

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• County: Harris
• 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 Harris 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 in Harris County, Texas. This affidavit is specifically designed to extend the lease beyond its primary term based on the production of oil and gas from a particular leased property. When an oil and gas lease is initially signed, it has a primary term during which the lessee has the exclusive rights to explore and produce oil and gas on the leased property. However, the lease will expire at the end of the primary term unless certain conditions are met, typically the production of oil or gas in paying quantities. The Harris Texas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term acts as evidence that the leased property has indeed produced oil and gas in paying quantities during the primary term. This affidavit is typically submitted by the lessee to the lessor, requesting an extension of the lease's term. The affidavit contains various details and information that support the claim of production. This includes the legal description of the leased property, the production records of oil and gas from the property, the dates of production, and the volume in which the production occurred. It may also include information about the well(s) drilled on the property, the name of the lessee, and contact information for both parties involved. It is important to note that while the Harris Texas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a specific document, there may be variations or different types of affidavits used in different jurisdictions or with different requirements. However, this specific document refers to the affidavit used in Harris County, Texas. In summary, the Harris Texas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a crucial legal document used to extend an oil and gas lease's term based on the production of oil and gas in paying quantities. It proves that the leased property has been productive during the lease's primary term, ensuring the continuation of exploration and extraction activities on the property.

The Harris 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 in Harris County, Texas. This affidavit is specifically designed to extend the lease beyond its primary term based on the production of oil and gas from a particular leased property. When an oil and gas lease is initially signed, it has a primary term during which the lessee has the exclusive rights to explore and produce oil and gas on the leased property. However, the lease will expire at the end of the primary term unless certain conditions are met, typically the production of oil or gas in paying quantities. The Harris Texas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term acts as evidence that the leased property has indeed produced oil and gas in paying quantities during the primary term. This affidavit is typically submitted by the lessee to the lessor, requesting an extension of the lease's term. The affidavit contains various details and information that support the claim of production. This includes the legal description of the leased property, the production records of oil and gas from the property, the dates of production, and the volume in which the production occurred. It may also include information about the well(s) drilled on the property, the name of the lessee, and contact information for both parties involved. It is important to note that while the Harris Texas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a specific document, there may be variations or different types of affidavits used in different jurisdictions or with different requirements. However, this specific document refers to the affidavit used in Harris County, Texas. In summary, the Harris Texas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a crucial legal document used to extend an oil and gas lease's term based on the production of oil and gas in paying quantities. It proves that the leased property has been productive during the lease's primary term, ensuring the continuation of exploration and extraction activities on the property.