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 Indiana Declaration of Pooled Unit — Long Form is a legal document used in the state of Indiana to establish a pooled unit for oil and gas operations. This declaration enables multiple property owners to collectively develop and exploit natural resources in a designated area. The purpose of the Indiana Declaration of Pooled Unit — Long Form is to provide a framework for cooperation, coordination, and shared decision-making among the participating parties. It allows the unit operator to pool together the leased or unleashed interest owners' lands and resources, facilitating efficient drilling, production, and allocation of revenues. Keywords: Indiana, Declaration of Pooled Unit, Long Form, legal document, oil and gas, natural resources, property owners, cooperation, coordination, shared decision-making, unit operator, pooled unit, drilling, production, allocation of revenues. Different Types of Indiana Declaration of Pooled Unit — Long Form: 1. Exploration and Production Pooled Unit: This type of declaration is commonly used when multiple property owners come together to collectively explore and extract oil and gas resources. It includes provisions related to drilling, extraction methods, revenue sharing, and termination conditions. 2. Horizontal Drilling Pooled Unit: When the primary method of extraction involves horizontal drilling techniques, a specific type of Indiana Declaration of Pooled Unit — Long Form is utilized. This form addresses the unique considerations and challenges associated with horizontal drilling, such as well spacing, lateral lengths, and development plans. 3. Enhanced Recovery Pooled Unit: In cases where enhanced recovery techniques are employed to maximize oil and gas production from reservoirs, an enhanced recovery-specific Indiana Declaration of Pooled Unit — Long Form is employed. This form focuses on the specialized methods used, such as water flooding or gas injection, and includes provisions for monitoring and adjusting the recovery operations. 4. Statutory Pooled Unit: Indiana also has provisions for statutory pooled units, which are formed under the Indiana Oil and Gas Conservation Act. Statutory pooled units follow specific regulatory guidelines and may have their own declaration form, detailing governance, regulatory compliance, and interactions with the state regulatory body. Keywords: Exploration and Production, Horizontal Drilling, Enhanced Recovery, Statutory Pooled Unit, oil and gas resources, extraction methods, revenue sharing, well spacing, lateral lengths, development plans, enhanced recovery techniques, reservoirs, Indiana Oil and Gas Conservation Act, regulatory compliance.The Indiana Declaration of Pooled Unit — Long Form is a legal document used in the state of Indiana to establish a pooled unit for oil and gas operations. This declaration enables multiple property owners to collectively develop and exploit natural resources in a designated area. The purpose of the Indiana Declaration of Pooled Unit — Long Form is to provide a framework for cooperation, coordination, and shared decision-making among the participating parties. It allows the unit operator to pool together the leased or unleashed interest owners' lands and resources, facilitating efficient drilling, production, and allocation of revenues. Keywords: Indiana, Declaration of Pooled Unit, Long Form, legal document, oil and gas, natural resources, property owners, cooperation, coordination, shared decision-making, unit operator, pooled unit, drilling, production, allocation of revenues. Different Types of Indiana Declaration of Pooled Unit — Long Form: 1. Exploration and Production Pooled Unit: This type of declaration is commonly used when multiple property owners come together to collectively explore and extract oil and gas resources. It includes provisions related to drilling, extraction methods, revenue sharing, and termination conditions. 2. Horizontal Drilling Pooled Unit: When the primary method of extraction involves horizontal drilling techniques, a specific type of Indiana Declaration of Pooled Unit — Long Form is utilized. This form addresses the unique considerations and challenges associated with horizontal drilling, such as well spacing, lateral lengths, and development plans. 3. Enhanced Recovery Pooled Unit: In cases where enhanced recovery techniques are employed to maximize oil and gas production from reservoirs, an enhanced recovery-specific Indiana Declaration of Pooled Unit — Long Form is employed. This form focuses on the specialized methods used, such as water flooding or gas injection, and includes provisions for monitoring and adjusting the recovery operations. 4. Statutory Pooled Unit: Indiana also has provisions for statutory pooled units, which are formed under the Indiana Oil and Gas Conservation Act. Statutory pooled units follow specific regulatory guidelines and may have their own declaration form, detailing governance, regulatory compliance, and interactions with the state regulatory body. Keywords: Exploration and Production, Horizontal Drilling, Enhanced Recovery, Statutory Pooled Unit, oil and gas resources, extraction methods, revenue sharing, well spacing, lateral lengths, development plans, enhanced recovery techniques, reservoirs, Indiana Oil and Gas Conservation Act, regulatory compliance.
