North Carolina Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is a legal document that serves as proof of the assigned acreage within the spacing or proration units around producing wells in North Carolina. This affidavit is typically prepared and submitted by the lessee of the oil and gas lease. The purpose of the North Carolina Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is to ensure compliance with the state regulations and to establish accurate calculations for proration and spacing unit assignments. It is essential in determining the rights and responsibilities of the lessee in relation to the production of oil and gas. Keywords: North Carolina, affidavit, acreage, assigned, spacing, proration units, producing wells, lessee, oil and gas lease, compliance, regulations, calculations, proration, rights, responsibilities, production. Types of North Carolina Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee: 1. Affidavit for Spacing Unit Assignment: This type of affidavit specifically deals with the assignment of acreage within the spacing units around producing wells. It outlines the specific measurement and allocation of acreage within these units as per the lease agreement and state regulations. 2. Affidavit for Proration Unit Assignment: This type of affidavit focuses on the assignment of acreage within proration units surrounding producing wells. It details the allocation of acreage within these units based on production and other relevant factors. It ensures that the lessee's assigned acreage is in compliance with the proration formula set by the North Carolina regulatory authorities. 3. Combined Affidavit for Spacing and Proration Unit Assignment: In some cases, one affidavit may be used to address both the spacing and proration unit assignments. This type of affidavit consolidates the required information for both units into a single document, simplifying the process for the lessee. It is important to consult with legal professionals or experts familiar with North Carolina oil and gas laws to ensure the accurate preparation and submission of the North Carolina Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee. Compliance with the regulations helps protect the rights and interests of all parties involved in the oil and gas lease.
North Carolina Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee
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How to fill out North Carolina Affidavit As To Acreage Assigned To Spacing / Proration Units Around Producing Wells By Lessee?
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