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

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• County: Travis
• 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. Travis Texas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a legal document that serves as proof of continuous production on an oil and gas lease in Travis County, Texas. This affidavit is necessary to extend the lease beyond its initial primary term, allowing the lessee to continue exploration and extraction activities on the leased premises. The primary purpose of a Travis Texas Affidavit of Production is to demonstrate that there has been a consistent flow of oil and gas production during the primary term of the lease. By submitting this affidavit, the lessee can satisfy the requirements stated in the lease agreement and extend the lease's duration. There are no specific types of Travis Texas Affidavits of Production to Extend Oil and Gas Lease Beyond Primary Term that differ significantly. However, the content and details within the affidavit may vary depending on the specific lease agreement between the lessor and lessee. In general, a Travis Texas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term includes the following key information: 1. Lease Details: This section includes details about the lease agreement, such as the lease number, lease name, leaseholder's name(s), and the effective dates of the lease's primary term. 2. Production Information: The lessee provides detailed information about the oil and gas production during the primary term. This may include well name(s), well number(s), production volumes, API numbers, and any relevant production reports. 3. Lease Maintenance: The affidavit also confirms that the lessee has fulfilled all lease maintenance obligations during the primary term, such as payment of royalties, bonus payments, and compliance with environmental regulations. 4. Intention to Extend: In this section, the lessee affirms their intent to extend the lease beyond the primary term. They may provide reasons for the extension, such as the presence of additional untapped reserves, financial viability, or ongoing exploration efforts. 5. Verification and Certification: The lessor and lessee both sign the affidavit, certifying the accuracy of the provided information. The affidavit also includes a notary acknowledgment. By submitting the Travis Texas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term, the lessee can request an extension of the lease agreement, allowing them to continue operating and extracting valuable resources from the leased property within Travis County, Texas.

Travis Texas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a legal document that serves as proof of continuous production on an oil and gas lease in Travis County, Texas. This affidavit is necessary to extend the lease beyond its initial primary term, allowing the lessee to continue exploration and extraction activities on the leased premises. The primary purpose of a Travis Texas Affidavit of Production is to demonstrate that there has been a consistent flow of oil and gas production during the primary term of the lease. By submitting this affidavit, the lessee can satisfy the requirements stated in the lease agreement and extend the lease's duration. There are no specific types of Travis Texas Affidavits of Production to Extend Oil and Gas Lease Beyond Primary Term that differ significantly. However, the content and details within the affidavit may vary depending on the specific lease agreement between the lessor and lessee. In general, a Travis Texas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term includes the following key information: 1. Lease Details: This section includes details about the lease agreement, such as the lease number, lease name, leaseholder's name(s), and the effective dates of the lease's primary term. 2. Production Information: The lessee provides detailed information about the oil and gas production during the primary term. This may include well name(s), well number(s), production volumes, API numbers, and any relevant production reports. 3. Lease Maintenance: The affidavit also confirms that the lessee has fulfilled all lease maintenance obligations during the primary term, such as payment of royalties, bonus payments, and compliance with environmental regulations. 4. Intention to Extend: In this section, the lessee affirms their intent to extend the lease beyond the primary term. They may provide reasons for the extension, such as the presence of additional untapped reserves, financial viability, or ongoing exploration efforts. 5. Verification and Certification: The lessor and lessee both sign the affidavit, certifying the accuracy of the provided information. The affidavit also includes a notary acknowledgment. By submitting the Travis Texas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term, the lessee can request an extension of the lease agreement, allowing them to continue operating and extracting valuable resources from the leased property within Travis County, Texas.