Indiana Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• Control #: US-OG-168
• 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 form is for the purpose of describing the location of the well (or wells) drilled on the Lands, and describing the portion of the Lands surrounding each well which is included within the proration/spacing unit for each well.

An Indiana Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is a legal document that serves to accurately establish and confirm the acreage assigned to spacing/proration units surrounding producing wells in the state of Indiana. This affidavit is typically completed by the lessee, who is granted the rights to explore, develop, and produce minerals within a designated area. The purpose of this affidavit is to provide clarity and transparency regarding the specific acreage assigned to each spacing/proration unit to ensure compliance with state regulations and fair distribution of revenues. It is essential for lessees to accurately delineate the boundaries of their assigned acreage to avoid any disputes or inconsistencies in production allocation. Keywords: Indiana, affidavit, acreage, assigned, spacing, proration units, producing wells, lessee, legal document, minerals, exploration, development, revenue distribution, compliance. Different types of Indiana Affidavits As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee may include: 1. Initial Affidavit: This type of affidavit is typically filed by the lessee upon the commencement of well operations or development activities. It establishes the initial acreage assigned to spacing/proration units around the producing wells and serves as a basis for future accounting and reporting. 2. Amended Affidavit: In case there are any modifications or adjustments to the original acreage assignments, the lessee may file an amended affidavit. This can occur due to changes in well production, expansion of drilling activities, or other factors that require revising the acreage boundaries. 3. Final Affidavit: When the operations in a particular well or drilling lease are concluded, the lessee is required to submit a final affidavit. This affidavit confirms the final acreage assigned to the spacing/proration units around the producing wells and signifies the end of the production or exploration period. 4. Assignment Affidavit: If there is a transfer or assignment of leasehold interests related to the acreage assigned to spacing/proration units, an assignment affidavit may be filed. This affidavit ensures that the correct acreage information is updated and accurately reflects the new lessee's rights and responsibilities. 5. Annual Affidavit: Some states may require lessees to file an annual affidavit to report any changes in acreage assignments or provide updates on well production activities. This affidavit helps regulatory bodies and stakeholders track changes in acreage allocations over time. In summary, an Indiana Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is a crucial legal document that establishes the acreage boundaries for spacing and proration units around producing wells. It ensures compliance with regulations, fairness in revenue distribution, and helps in resolving any potential disputes.