The Georgia Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is an important document used in the oil and gas industry to officially declare the halting of production activities and the cessation of royalty payments associated with a particular well in the state of Georgia. This affidavit serves as a legal proof that the well is no longer productive, relieving the operator of any further obligations regarding production and royalties. The affidavit provides crucial information, starting with the details of the well itself. This includes the well's identification number, lease name, operator's name, and the well's location, such as the county and specific coordinates. The document further specifies the type of well, whether it is an oil well, gas well, or a combination of both. Additionally, the affidavit requires the operator to provide essential information related to the cessation of production. This includes the date on which the well ceased production, ensuring transparency regarding the timeline and operational status of the well. Furthermore, it stipulates the last date on which royalty payments were made, marking the end of financial obligations toward the well. It is important to recognize that there are no specific types of Georgia Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment. Rather, this affidavit serves as a standardized document applicable to all wells in Georgia, regardless of their individual characteristics or history. In conclusion, the Georgia Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment is a crucial legal document in the oil and gas industry. It allows operators to declare the cessation of well production and royalty payments, relieving them of further obligations. By providing detailed information about the well and its production history, this affidavit serves as a reliable record of the well's status and contributes to the transparency and accountability of the industry.
Georgia Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment
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How to fill out Affidavit Of Cessation Of Production And Plugging Of Well Specifying Date Of Last Royalty Payment?
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