This Designation is executed by the Operator and Working Interest Owners and filed of record for the purpose of evidencing their election to exercise the pooling authority granted to the lessees in the Leases, to give notice of the Unit being established, and to identify and describe the lands included in the Unit.
District of Columbia Designation of Pooled Unit and Declaration of Pooling for Oil or Gas: The District of Columbia has specific regulations governing the designation of pooled units and the declaration of pooling for oil or gas operations within its jurisdiction. Pooled units refer to the consolidation of multiple oil or gas leases or tracts of land, allowing operators to collectively exploit these resources in an efficient and coordinated manner. This process is crucial for maximizing production while minimizing surface disturbances. One of the primary types of District of Columbia Designation of Pooled Unit is known as voluntary pooling. Voluntary pooling occurs when mineral interest owners within a defined area voluntarily agree to consolidate their leases or tracts. Through voluntary pooling, operators can combine their resources, equipment, and expertise to maximize output and streamline operations. Another type of pooling is compulsory pooling, also known as forced pooling or statutory pooling. Compulsory pooling is invoked when a minority of mineral interest owners within a specific area refuse to voluntarily pool their interests. In such cases, the state or regulatory authority may step in and compel the non-consenting owners to participate in the pooled unit. This ensures the efficient and equitable exploitation of oil or gas resources within the designated area. The Designation of Pooled Unit process entails various steps and considerations. Operators must submit a detailed plan for unitization or pooling to the relevant regulatory body, providing evidence of the consenting mineral interest owners within the proposed area. This plan includes delineating the boundaries of the pooled unit, estimating the reserves, confirming the revenue interests of each owner, and outlining the proposed operating procedures. The Declaration of Pooling is the official regulatory approval or authorization granted by the District of Columbia authorities. The declaration acknowledges the unitization or pooling proposal, validates the voluntary or compulsory pooling arrangements, and provides a legal framework for the efficient extraction of oil or gas within the designated area. This declaration ensures compliance with environmental regulations, lease terms, and production sharing agreements. In summary, the District of Columbia's Designation of Pooled Unit and Declaration of Pooling for Oil or Gas aim to facilitate efficient, coordinated, and environmentally responsible extraction of resources. Whether through voluntary pooling or compulsory pooling, these processes streamline operations, minimize surface disturbances, and ensure fair participation among mineral interest owners.District of Columbia Designation of Pooled Unit and Declaration of Pooling for Oil or Gas: The District of Columbia has specific regulations governing the designation of pooled units and the declaration of pooling for oil or gas operations within its jurisdiction. Pooled units refer to the consolidation of multiple oil or gas leases or tracts of land, allowing operators to collectively exploit these resources in an efficient and coordinated manner. This process is crucial for maximizing production while minimizing surface disturbances. One of the primary types of District of Columbia Designation of Pooled Unit is known as voluntary pooling. Voluntary pooling occurs when mineral interest owners within a defined area voluntarily agree to consolidate their leases or tracts. Through voluntary pooling, operators can combine their resources, equipment, and expertise to maximize output and streamline operations. Another type of pooling is compulsory pooling, also known as forced pooling or statutory pooling. Compulsory pooling is invoked when a minority of mineral interest owners within a specific area refuse to voluntarily pool their interests. In such cases, the state or regulatory authority may step in and compel the non-consenting owners to participate in the pooled unit. This ensures the efficient and equitable exploitation of oil or gas resources within the designated area. The Designation of Pooled Unit process entails various steps and considerations. Operators must submit a detailed plan for unitization or pooling to the relevant regulatory body, providing evidence of the consenting mineral interest owners within the proposed area. This plan includes delineating the boundaries of the pooled unit, estimating the reserves, confirming the revenue interests of each owner, and outlining the proposed operating procedures. The Declaration of Pooling is the official regulatory approval or authorization granted by the District of Columbia authorities. The declaration acknowledges the unitization or pooling proposal, validates the voluntary or compulsory pooling arrangements, and provides a legal framework for the efficient extraction of oil or gas within the designated area. This declaration ensures compliance with environmental regulations, lease terms, and production sharing agreements. In summary, the District of Columbia's Designation of Pooled Unit and Declaration of Pooling for Oil or Gas aim to facilitate efficient, coordinated, and environmentally responsible extraction of resources. Whether through voluntary pooling or compulsory pooling, these processes streamline operations, minimize surface disturbances, and ensure fair participation among mineral interest owners.
