King Washington 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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FAQ
A savings clause in an oil & gas lease that keeps the lease in effect after a once-productive well stops producing oil or gas if certain conditions are met. The lessee must either begin reworking the well to restore production or start drilling a new well within a specified time.
After obtaining production from a previously shut-in well, the well may be shut in again for a maximum term of five years as provided in the lease and subsection (h)(1) of this section.
Shut in a well in the Oil and Gas Industry (0283028ct 026an 0259 w025bl) phrase. (Extractive engineering: Field development, Drilling) To shut in a well is to close off a well so that it stops producing. An emergency shutdown valve was installed on the wellhead to shut in the well at any time.
Well Classifications There are six main classification within the life cycle of an oil or natural gas well. A well may be Active, Inactive, Suspended, Abandoned, Orphaned or Reclaimed. The life cycle of any well begins with an active classification and ends after reclamation.
Essentially, the shut-in royalty provision allows a lessee to temporarily cease production (i.e., shut-in a well) and pay a shut-in royalty to the lessor in place of the royalty on production that is not occurring during the shut-in period.
in clause (or shutin royalty clause) traditionally allows the lessee to maintain the lease by making shutin payments on a well capable of producing oil or gas in paying quantities where the oil or gas cannot be marketed, whether due to a lack of pipeline connection or otherwise.
Definition of 'shut in a well' The company had to shut in a well that began producing water in order to prevent contamination of the dry oil from other wells when production was commingled. To shut in a well is to close off a well so that it stops producing.
To shut in a well means to make it not produce, so we'll start with a primer on production. When a well is producing it means the well has been drilled, completed in a reservoir, and oil and/or gas is somehow moving up the wellbore and to the surface facility.
1. n. Well Testing A well with a valve closed to halt production. Wells are often closed in for a period of time to allow stabilization prior to beginning a drawdown-buildup test sequence.
A payment stipulated in the oil and gas lease, which royalty owners receive in lieu of actual production, when a gas well is shut-in due to lack of a suitable market, a lack of facilities to produce the product, or other cases defined within the shut-in provisions contained in the oil and gas lease.
