Kings New York Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• County: Kings
• 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. Kings New York Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a legal document that allows for the extension of an oil and gas lease beyond its primary term based on the production activities observed on the leased property. This affidavit is specific to the Kings County in New York state and is relevant to the oil and gas industry within this jurisdiction. Keywords: Kings New York, Affidavit of Production, Extend, Oil and Gas, Lease, Primary Term The purpose of the Kings New York Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is to enable the lessee to extend the lease agreement when they can demonstrate productive activities on the property during the primary term of the lease. This document serves as proof of such production and is typically submitted to the relevant authority, such as the county clerk or the oil and gas regulatory agency. Different types of Kings New York Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term may include variations based on specific requirements of the county or state. For example, there might be different versions for individual landowners versus corporate entities. Additionally, the affidavit may differ depending on whether the lease is for oil, gas, or both. When preparing the Kings New York Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term, it is essential to include accurate and comprehensive information. This typically includes the lessee's details, the property's legal description, the lease agreement's primary term, the production activities carried out during the primary term, and any supporting documentation, such as production reports and revenue statements. Accuracy and completeness are crucial when completing this affidavit, as it directly impacts the lessee's right to extend the lease beyond its primary term. Any discrepancies or missing information may result in rejection or potential legal complications. Therefore, it is advisable to consult with legal professionals or experienced landsmen knowledgeable in New York oil and gas lease regulations to ensure compliance and accuracy in filing the affidavit. In conclusion, the Kings New York Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a vital legal document relevant to the oil and gas industry in Kings County, New York. It allows lessees to extend their lease agreements based on productive activities observed during the primary term. Accuracy and compliance with local regulations are essential when preparing and submitting this affidavit.

Kings New York Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a legal document that allows for the extension of an oil and gas lease beyond its primary term based on the production activities observed on the leased property. This affidavit is specific to the Kings County in New York state and is relevant to the oil and gas industry within this jurisdiction. Keywords: Kings New York, Affidavit of Production, Extend, Oil and Gas, Lease, Primary Term The purpose of the Kings New York Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is to enable the lessee to extend the lease agreement when they can demonstrate productive activities on the property during the primary term of the lease. This document serves as proof of such production and is typically submitted to the relevant authority, such as the county clerk or the oil and gas regulatory agency. Different types of Kings New York Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term may include variations based on specific requirements of the county or state. For example, there might be different versions for individual landowners versus corporate entities. Additionally, the affidavit may differ depending on whether the lease is for oil, gas, or both. When preparing the Kings New York Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term, it is essential to include accurate and comprehensive information. This typically includes the lessee's details, the property's legal description, the lease agreement's primary term, the production activities carried out during the primary term, and any supporting documentation, such as production reports and revenue statements. Accuracy and completeness are crucial when completing this affidavit, as it directly impacts the lessee's right to extend the lease beyond its primary term. Any discrepancies or missing information may result in rejection or potential legal complications. Therefore, it is advisable to consult with legal professionals or experienced landsmen knowledgeable in New York oil and gas lease regulations to ensure compliance and accuracy in filing the affidavit. In conclusion, the Kings New York Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a vital legal document relevant to the oil and gas industry in Kings County, New York. It allows lessees to extend their lease agreements based on productive activities observed during the primary term. Accuracy and compliance with local regulations are essential when preparing and submitting this affidavit.