Middlesex Massachusetts Affidavit of Cessation of Production and Plugging of Well Specifying Date of Last Royalty Payment
Description
How to fill out Affidavit Of Cessation Of Production And Plugging Of Well Specifying Date Of Last Royalty Payment?
Laws and guidelines in every field differ from area to area.
If you aren't an attorney, it's simple to become confused by numerous standards when it comes to composing legal documents.
To prevent expensive legal fees while preparing the Middlesex Affidavit of Cessation of Production and Well Plugging Specifying the Date of Last Royalty Payment, you require a certified template applicable to your locale.
Opt for another document if there are any discrepancies with your requirements. Click the Buy Now button to purchase the document once you find the appropriate one. Choose a subscription plan and log in or create a new account. Decide how you want to pay for your subscription (via credit card or PayPal). Choose the format in which you wish to save the file and hit Download. Complete and sign the document either after printing it or do it entirely online. This is the most straightforward and cost-effective method to acquire current templates for any legal requirements. Access them all with just a few clicks and keep your documentation organized with US Legal Forms!
- That's when using the US Legal Forms platform becomes particularly beneficial.
- US Legal Forms is a reliable online repository used by millions, offering over 85,000 state-centric legal templates.
- It serves as an excellent resource for professionals and individuals looking for self-service templates for a range of life and business situations.
- All the forms can be utilized multiple times: once you select a template, it remains in your profile for future access.
- Therefore, if you have an account with an active subscription, you can simply Log In and re-download the Middlesex Affidavit of Cessation of Production and Well Plugging Specifying the Date of Last Royalty Payment from the My documents section.
- For new users, a few additional steps are necessary to obtain the Middlesex Affidavit of Cessation of Production and Plugging of Well Specifying the Date of Last Royalty Payment.
- Review the page content to ensure you have located the correct sample.
- Use the Preview feature or examine the form description if it's available.
Form popularity
FAQ
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.
Royalties. U.S. federal oil and gas royalties are payments made by companies to the federal government for the oil and gas extracted on public lands and waters. With a royalty, owners of the resourcein this case, U.S. taxpayerscollect a share of the profits based on the value or volume of the oil and gas extracted.
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.
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.
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.
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.
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.
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.
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.
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.
