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

How to Edit Form Op 77 Online for Free

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When it comes to blank fields of this precise form, this is what you should do:

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

It is easy to get it wrong while completing your Its, therefore make sure that you go through it again before you decide to finalize the form.

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