This declaration is used when a unit operator desires to supplement and amend a Declaration of Pooled Unit to include in the unit the oil, gas and mineral leases described in Exhibit A to this Supplement, covering lands within the confines of the Unit Area.
Alaska Supplemental Declaration of Pooled Unit is a legal document that serves to establish and regulate the pooling of multiple oil and gas leases or units into a single unit for exploration or production purposes. This declaration is specific to the state of Alaska and complies with the regulations set forth by the Alaska Department of Natural Resources (DNR) and the Alaska Oil and Gas Conservation Commission (AO GCC). The Alaska Supplemental Declaration of Pooled Unit is an essential document for oil and gas operators seeking to optimize production and efficiency by consolidating smaller leases or units. It outlines the rights, responsibilities, and obligations of the participating parties, including the operators, working interest owners, royalty owners, and the regulatory authorities. The declaration typically includes provisions related to the size and boundaries of the pooled unit, the allocation and distribution of costs, revenues, and royalties, the drilling and production operations, the working interest obligations, and the necessary consents and approvals required from regulatory bodies. It may also address topics such as unit expansion, unitization agreements, and secondary recovery techniques. Although the Alaska Supplemental Declaration of Pooled Unit provides a general framework for pooling, there may be variations and specific types based on the characteristics of the oil and gas field. For example: 1. Conventional Oil and Gas Pooled Unit: This refers to the pooling of leases within a traditional, easily accessible oil and gas reserve. It involves standard drilling and production techniques, with the primary objective of maximizing recovery and profitability. 2. Unconventional Oil and Gas Pooled Unit: This type of pooling is specific to unconventional resources, such as shale oil or gas. It involves employing advanced drilling techniques, such as hydraulic fracturing (fracking) and horizontal drilling, to extract oil or gas from low-permeability rock formations. 3. Offshore Pooled Unit: This variant pertains to pooling leases located in offshore areas, including the Arctic Ocean or the Gulf of Alaska. It addresses the unique challenges of exploration and production in the marine environment, including drilling from drilling rigs or artificial islands, transportation logistics, and environmental considerations. 4. Secondary Recovery Pooled Unit: This type of pooling focuses on utilizing enhanced recovery methods to extract additional oil or gas after primary production techniques become less effective. It may involve techniques such as water flooding, gas injection, or carbon dioxide injection to increase reservoir pressure and stimulate further production. In conclusion, the Alaska Supplemental Declaration of Pooled Unit is a critical legal document governing the consolidation of oil and gas leases or units in Alaska. It is customizable based on the specific type of oil and gas reserves and may include conventional or unconventional resources, offshore locations, or strategies for secondary recovery. Compliance with this document ensures that stakeholders efficiently and effectively manage the exploration and production of energy resources in Alaska's diverse and challenging environments.Alaska Supplemental Declaration of Pooled Unit is a legal document that serves to establish and regulate the pooling of multiple oil and gas leases or units into a single unit for exploration or production purposes. This declaration is specific to the state of Alaska and complies with the regulations set forth by the Alaska Department of Natural Resources (DNR) and the Alaska Oil and Gas Conservation Commission (AO GCC). The Alaska Supplemental Declaration of Pooled Unit is an essential document for oil and gas operators seeking to optimize production and efficiency by consolidating smaller leases or units. It outlines the rights, responsibilities, and obligations of the participating parties, including the operators, working interest owners, royalty owners, and the regulatory authorities. The declaration typically includes provisions related to the size and boundaries of the pooled unit, the allocation and distribution of costs, revenues, and royalties, the drilling and production operations, the working interest obligations, and the necessary consents and approvals required from regulatory bodies. It may also address topics such as unit expansion, unitization agreements, and secondary recovery techniques. Although the Alaska Supplemental Declaration of Pooled Unit provides a general framework for pooling, there may be variations and specific types based on the characteristics of the oil and gas field. For example: 1. Conventional Oil and Gas Pooled Unit: This refers to the pooling of leases within a traditional, easily accessible oil and gas reserve. It involves standard drilling and production techniques, with the primary objective of maximizing recovery and profitability. 2. Unconventional Oil and Gas Pooled Unit: This type of pooling is specific to unconventional resources, such as shale oil or gas. It involves employing advanced drilling techniques, such as hydraulic fracturing (fracking) and horizontal drilling, to extract oil or gas from low-permeability rock formations. 3. Offshore Pooled Unit: This variant pertains to pooling leases located in offshore areas, including the Arctic Ocean or the Gulf of Alaska. It addresses the unique challenges of exploration and production in the marine environment, including drilling from drilling rigs or artificial islands, transportation logistics, and environmental considerations. 4. Secondary Recovery Pooled Unit: This type of pooling focuses on utilizing enhanced recovery methods to extract additional oil or gas after primary production techniques become less effective. It may involve techniques such as water flooding, gas injection, or carbon dioxide injection to increase reservoir pressure and stimulate further production. In conclusion, the Alaska Supplemental Declaration of Pooled Unit is a critical legal document governing the consolidation of oil and gas leases or units in Alaska. It is customizable based on the specific type of oil and gas reserves and may include conventional or unconventional resources, offshore locations, or strategies for secondary recovery. Compliance with this document ensures that stakeholders efficiently and effectively manage the exploration and production of energy resources in Alaska's diverse and challenging environments.
