Form Op 77 PDF Details

Navigating the administrative waters of the State of West Virginia's environmental regulations, particularly in the context of oil and gas well transactions, can be a meticulous process. Central to this process is the OP-77 form, a critical document issued by the Department of Environmental Protection in Charleston, WV. This form serves as an official record acknowledging the transfer of well ownership from one party to another, encompassing various aspects of the transfer including the well's API number, district well number, and pertinent details of both the transferor and transferee. The OP-77 form outlines specific obligations of the new owner, especially if the well has been non-operational for more than 12 months, emphasizing the need for compliance with production or plugging requirements within a set timeframe. Moreover, it touches on essential formalities such as the designation of an agent on form OP-1, the securing of the well with a financial guarantee, and the notarization of the transfer, thereby encapsulating the multifaceted responsibilities and procedural adherence required in the transfer process. The form signifies more than a mere transaction; it represents a commitment to regulatory compliance, environmental stewardship, and the smooth continuation of operations under new ownership.

QuestionAnswer
Form NameForm Op 77
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesplugging, noncompliance, wvdep form op 77, OP-77

Form Preview Example

OP-77 (05-01)Record No. _________

State of West Virginia

Department of Environmental Protection

Charleston, WV 25301

This is to acknowledge that the well: API no.

District

Well No

Is hereby transferred from:

Farm name

The transferor

Code #

Company:

Address

To:

The transferee

Code #

Company:

Address

Transfer approval and responsibility for any noncompliance matter not resolved in this document will be addressed in the thirty day circular that will be issued after review of your application for transfer, or as otherwise set forth by agreement with the Chief.

If this well has been out of production for the period in excess of 12 months, the transferee agrees to bring the well into compliance by producing or plugging within 120 days of approval of the application. __ Yes__ No

The transferee has registered and designated an agent on form OP-1, which is on file with the Office of Oil and Gas. The agent is:

Designated agent (name)

Address:

The transferee has bonded the said well by ( check one ):

Securities

 

Cash

 

 

Surety bond

 

Letter of credit

 

 

 

 

 

 

 

 

Identified by:

Amount:

Issuing authority:

Effective date :

Id. No:

Transferor: _____________________________________

By: ___________________________________________

Its:____________________________________________

Taken, subscribed and sworn before me this ___________ day of ___________ 20___

Notary Public ___________________________________________________________

My Commission Expires ____________________________________________________

Transferee:______________________________________

By: ___________________________________________

Its:____________________________________________

Taken, subscribed and sworn before me this ___________ day of ___________ 20___

Notary Public ___________________________________________________________

My Commission Expires ____________________________________________________

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1. Whenever filling in the plugging, make sure to include all needed fields in the relevant section. It will help to hasten the work, enabling your details to be handled fast and appropriately.

Best ways to complete OP-77 part 1

2. Once this array of fields is completed, you have to include the required particulars in If this well has been out of, The transferee has registered and, Designated agent name, Address, The transferee has bonded the said, Securities, Cash, Surety bond, Letter of credit, Identified by, Amount, Issuing authority, Effective date, Id No, and Transferor so that you can move forward to the third stage.

Simple tips to fill out OP-77 portion 2

3. This next part is normally straightforward - fill in all the fields in My Commission Expires, Transferee, Its, Taken subscribed and sworn before, Notary Public, and My Commission Expires to complete this process.

Part number 3 of filling out OP-77

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