Phoenix Arizona Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• City: Phoenix
• 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. A Phoenix Arizona Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a legal document used in the state of Arizona to extend an oil and gas lease beyond its initial primary term. This affidavit is a testament to the production activities carried out on the leased property, demonstrating that the lease continues to be economically viable and warrants an extension. The purpose of the Affidavit of Production is to prove that the leased property is still actively producing oil and gas, and thus justifies the continuation of the lease agreement. By providing verifiable evidence, such as production records, well logs, and other relevant documents, the affidavit strengthens the lessee's position in requesting an extension. In Phoenix Arizona, there are different types of Affidavits of Production to Extend Oil and Gas Lease Beyond Primary Term that may be used based on specific circumstances. These variations can include: 1. Standard Affidavit of Production: This is the most common type and is used when there is a steady and continuous production of oil and gas from the leased property. It highlights the total production volume, well bore details, and any additional relevant information. 2. Affidavit of Production with Enhanced Recovery Techniques: This type of affidavit is employed when advanced recovery techniques, such as hydraulic fracturing or enhanced oil recovery methods, are used to boost production from the property. It focuses on the specific techniques employed and their effectiveness in maximizing oil and gas extraction. 3. Affidavit of Production with Development Plan: In situations where the lessee plans to carry out additional development activities or drilling operations in the future, this affidavit is utilized. It outlines the proposed development plan, including the estimated timeline, well locations, and anticipated production volumes. 4. Affidavit of Production with Reservoir Analysis: When there is ambiguity regarding the future productivity of the leased property, a reservoir analysis may be conducted. This affidavit presents the results of reservoir simulation, well testing, or any other assessment methodologies, providing insight into the potential for continued production. In conclusion, a Phoenix Arizona Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a crucial document for lessees seeking an extension of their oil and gas lease. It outlines the production activities that have taken place on the property and supports the argument for continued operation. Utilizing different types of affidavits based on specific circumstances allows for a comprehensive demonstration of the lease's economic viability and eventual extension.

A Phoenix Arizona Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a legal document used in the state of Arizona to extend an oil and gas lease beyond its initial primary term. This affidavit is a testament to the production activities carried out on the leased property, demonstrating that the lease continues to be economically viable and warrants an extension. The purpose of the Affidavit of Production is to prove that the leased property is still actively producing oil and gas, and thus justifies the continuation of the lease agreement. By providing verifiable evidence, such as production records, well logs, and other relevant documents, the affidavit strengthens the lessee's position in requesting an extension. In Phoenix Arizona, there are different types of Affidavits of Production to Extend Oil and Gas Lease Beyond Primary Term that may be used based on specific circumstances. These variations can include: 1. Standard Affidavit of Production: This is the most common type and is used when there is a steady and continuous production of oil and gas from the leased property. It highlights the total production volume, well bore details, and any additional relevant information. 2. Affidavit of Production with Enhanced Recovery Techniques: This type of affidavit is employed when advanced recovery techniques, such as hydraulic fracturing or enhanced oil recovery methods, are used to boost production from the property. It focuses on the specific techniques employed and their effectiveness in maximizing oil and gas extraction. 3. Affidavit of Production with Development Plan: In situations where the lessee plans to carry out additional development activities or drilling operations in the future, this affidavit is utilized. It outlines the proposed development plan, including the estimated timeline, well locations, and anticipated production volumes. 4. Affidavit of Production with Reservoir Analysis: When there is ambiguity regarding the future productivity of the leased property, a reservoir analysis may be conducted. This affidavit presents the results of reservoir simulation, well testing, or any other assessment methodologies, providing insight into the potential for continued production. In conclusion, a Phoenix Arizona Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a crucial document for lessees seeking an extension of their oil and gas lease. It outlines the production activities that have taken place on the property and supports the argument for continued operation. Utilizing different types of affidavits based on specific circumstances allows for a comprehensive demonstration of the lease's economic viability and eventual extension.