This form of declaration provides notice that the unit owner pools, unitizes, and combines the Unit Leases, including all renewals, extensions, ratifications, and amendments of the Unit Leases and the lands covered by those Leases and the mineral and/or royalty estates in the lands subject to the Leases into a unit for the exploration, development, and production of oil, gas, and associated hydrocarbons (the Unit ).
The Arizona Declaration of Pooled Unit — Long Form is a legal document used in the state of Arizona to establish a pooled unit for oil and gas operations. This declaration allows multiple landowners to combine their interests in a specified area to maximize production efficiency and streamline operations. It outlines the rights, responsibilities, and obligations of each party involved in the pooled unit. Keywords: Arizona, Declaration of Pooled Unit, Long Form, oil and gas operations, landowners, production efficiency, operations, rights, responsibilities, obligations. There are three different types of Arizona Declaration of Pooled Unit — Long Form: 1. Conventional Pooled Unit: This type of declaration is used for conventional oil and gas drilling operations. It encompasses landowners who have individually leased their properties for exploration and production purposes. By pooling their interests, they can collectively benefit from shared resources and economies of scale. 2. Horizontal Pooled Unit: The horizontal pooled unit is specifically designed for horizontal drilling techniques. As horizontal drilling has become more prevalent in recent years, this type of declaration allows landowners to aggregate their holdings to create a larger, more efficient drilling unit. It enables effective extraction of shale gas and oil resources, optimizing production output and reducing costs. 3. Enhanced Recovery Pooled Unit: Enhanced recovery methods, such as water flooding or carbon dioxide injection, are employed to extract additional oil or gas from existing reservoirs. This type of declaration outlines the procedures and agreements required for landowners to participate in enhanced recovery operations. It ensures that individuals contribute to the costs and receive their fair share of the additional production. In all types of Arizona Declaration of Pooled Unit — Long Form, the document typically includes crucial information such as the legal description and size of the pooled unit, the designated operator responsible for managing operations, the allocation of costs and revenues among participants, and the duration of the pooling agreement. This comprehensive declaration serves as a legal framework to govern the collaborative efforts of landowners and effectively exploit oil and gas resources in Arizona. Keywords: Arizona, Declaration of Pooled Unit, Long Form, conventional, horizontal, enhanced recovery, drilling, oil and gas operations, landowners, exploration, production, shared resources, economies of scale, horizontal drilling, shale gas, oil resources, extraction, optimizing production, costs, enhanced recovery methods, water flooding, carbon dioxide injection, reservoirs, legal description, operator, costs and revenues, pooling agreement.The Arizona Declaration of Pooled Unit — Long Form is a legal document used in the state of Arizona to establish a pooled unit for oil and gas operations. This declaration allows multiple landowners to combine their interests in a specified area to maximize production efficiency and streamline operations. It outlines the rights, responsibilities, and obligations of each party involved in the pooled unit. Keywords: Arizona, Declaration of Pooled Unit, Long Form, oil and gas operations, landowners, production efficiency, operations, rights, responsibilities, obligations. There are three different types of Arizona Declaration of Pooled Unit — Long Form: 1. Conventional Pooled Unit: This type of declaration is used for conventional oil and gas drilling operations. It encompasses landowners who have individually leased their properties for exploration and production purposes. By pooling their interests, they can collectively benefit from shared resources and economies of scale. 2. Horizontal Pooled Unit: The horizontal pooled unit is specifically designed for horizontal drilling techniques. As horizontal drilling has become more prevalent in recent years, this type of declaration allows landowners to aggregate their holdings to create a larger, more efficient drilling unit. It enables effective extraction of shale gas and oil resources, optimizing production output and reducing costs. 3. Enhanced Recovery Pooled Unit: Enhanced recovery methods, such as water flooding or carbon dioxide injection, are employed to extract additional oil or gas from existing reservoirs. This type of declaration outlines the procedures and agreements required for landowners to participate in enhanced recovery operations. It ensures that individuals contribute to the costs and receive their fair share of the additional production. In all types of Arizona Declaration of Pooled Unit — Long Form, the document typically includes crucial information such as the legal description and size of the pooled unit, the designated operator responsible for managing operations, the allocation of costs and revenues among participants, and the duration of the pooling agreement. This comprehensive declaration serves as a legal framework to govern the collaborative efforts of landowners and effectively exploit oil and gas resources in Arizona. Keywords: Arizona, Declaration of Pooled Unit, Long Form, conventional, horizontal, enhanced recovery, drilling, oil and gas operations, landowners, exploration, production, shared resources, economies of scale, horizontal drilling, shale gas, oil resources, extraction, optimizing production, costs, enhanced recovery methods, water flooding, carbon dioxide injection, reservoirs, legal description, operator, costs and revenues, pooling agreement.
