California Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a legal document required by the state of California for the purpose of officially declaring the cessation of oil or gas production from a well and terminating any ongoing royalty payments. In California, there are two main types of this affidavit: the California Affidavit of Cessation of Production and the California Affidavit of Plugging of Well. The California Affidavit of Cessation of Production is filed when the operator of the well decides to halt oil or gas extraction permanently. This affidavit must specify the date on which the well's production stopped. Once this affidavit is approved by the relevant authorities, it releases the operator from their obligation to make further royalty payments to the mineral owner(s) associated with the well. On the other hand, the California Affidavit of Plugging of Well is filed when the operator completes the plugging and abandonment process of the well. This affidavit provides details about the plugging method used, materials utilized, and other relevant information. It must also specify the date of the last royalty payment made. Once this affidavit is accepted, it confirms the well's permanent closure and releases the operator from further royalty payment obligations. For both types of affidavits, accurate and up-to-date information regarding the date of the last royalty payment is crucial to ensure appropriate termination of payment obligations and comply with California state regulations. In conclusion, the California Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a vital legal document used in California's oil and gas industry to officially declare the cessation of production and terminate royalty payments. It is necessary for operators to file the correct type of affidavit, either for cessation of production or plugging of the well, depending on the specific circumstances.
California Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment
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