The Arkansas Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document used in the state of Arkansas to notify the relevant authorities and stakeholders about the discontinuation of oil or gas production from a well and the date of the last royalty payment. This affidavit is essential to initiate the process of well plugging and cessation of production, ensuring compliance with state regulations and maintaining transparency in the energy sector. The Arkansas Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment serves as an official declaration that the operator has ceased all production and intends to permanently close the well. It provides crucial information regarding the date when the last royalty payment was made, ensuring accurate accounting and preventing any undue royalty claims. There are several types of Arkansas Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment, based on the specific circumstances of the well's closure: 1. Affidavit of Cessation of Production and Plugging of Well without Pending Bond: This type of affidavit is used when the operator has fulfilled all bonding requirements and is ready to permanently close the well without any pending financial obligations. 2. Affidavit of Cessation of Production and Plugging of Well with Pending Bond: When the operator has initiated the process of plugging the well, but there are pending financial obligations such as bond claims or deficiencies, this affidavit is utilized to notify the authorities and stakeholders about the closure status. 3. Affidavit of Cessation of Production and Plugging of Well due to Profitability: In cases where the well has become economically unviable for continued production, this affidavit is filed to declare the cessation of production and the date of the last royalty payment. 4. Affidavit of Cessation of Production and Plugging of Well due to Environmental Concerns: If a well poses environmental risks or is found to be non-compliant with environmental regulations, this affidavit is employed to inform the relevant entities about the decision to cease production and plug the well, stating the date of the last royalty payment. The Arkansas Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a critical document in ensuring proper well closure and maintaining transparency in the oil and gas industry. By adhering to state regulations, operators can protect their interests, fulfill their financial obligations, and contribute to the responsible management of natural resources.
Arkansas Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment
Description
How to fill out Arkansas Affidavit Of Cessation Of Production And Plugging Of Well Specifying Date Of Last Royalty Payment?
US Legal Forms - among the biggest libraries of legal kinds in the States - gives an array of legal papers themes you may acquire or produce. Using the website, you can get 1000s of kinds for organization and personal functions, categorized by categories, claims, or keywords and phrases.You can get the latest types of kinds like the Arkansas Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment within minutes.
If you already possess a monthly subscription, log in and acquire Arkansas Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment from the US Legal Forms library. The Down load button will show up on each and every form you look at. You get access to all earlier acquired kinds from the My Forms tab of your own profile.
In order to use US Legal Forms initially, listed here are basic recommendations to obtain started:
- Be sure you have selected the correct form for your personal town/state. Go through the Preview button to review the form`s content material. Browse the form description to actually have selected the right form.
- When the form does not match your specifications, utilize the Search field near the top of the monitor to obtain the the one that does.
- Should you be pleased with the shape, validate your decision by clicking the Purchase now button. Then, choose the pricing program you favor and provide your references to register to have an profile.
- Approach the transaction. Make use of credit card or PayPal profile to perform the transaction.
- Find the formatting and acquire the shape on your own gadget.
- Make alterations. Complete, revise and produce and signal the acquired Arkansas Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment.
Every web template you included with your bank account lacks an expiration date and is also your own property permanently. So, if you wish to acquire or produce an additional duplicate, just go to the My Forms segment and then click on the form you require.
Gain access to the Arkansas Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment with US Legal Forms, probably the most comprehensive library of legal papers themes. Use 1000s of professional and condition-specific themes that meet up with your company or personal requires and specifications.
