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.
The Michigan Supplemental Declaration of Pooled Unit is a legal document that pertains specifically to the establishment and operation of a pooled unit in the state of Michigan. This declaration outlines the rights, responsibilities, and limitations associated with pooling resources or interests within a unit, typically for the purpose of collectively investing in and developing oil, gas, or mineral leases. Keywords: Michigan, Supplemental Declaration, Pooled Unit, legal document, establishment, operation, pooling resources, interests, rights, responsibilities, limitations, collectively investing, developing, oil, gas, mineral leases. There are different types of Michigan Supplemental Declarations of Pooled Unit, each catering to specific industries and requirements. Some of these variations include: 1. Michigan Supplemental Declaration of Pooled Oil Unit: This type of declaration focuses on the pooling of oil resources within a designated geographical area. It details the method of allocation, ownership percentages, drilling responsibilities, distribution of profits, and other relevant factors related to the extraction and production of oil. 2. Michigan Supplemental Declaration of Pooled Gas Unit: This declaration is similar to the oil unit variant but specifically pertains to the pooling of natural gas resources. It covers the pooling rules, standards for gas production, royalty payments, environmental considerations, and other specific details pertaining to gas extraction and distribution operations. 3. Michigan Supplemental Declaration of Pooled Mineral Unit: This declaration is broader in scope and encompasses the pooling of various minerals, such as coal, precious metals, or non-metallic minerals. It addresses rights to exploration, extraction methodologies, mineral ownership percentages, revenue sharing, environmental regulations, and other key factors associated with pooled mineral developments. 4. Michigan Supplemental Declaration of Pooled Unit for Renewable Energy Projects: This type of declaration is specifically designed for pooling unit owners who wish to collectively invest in renewable energy projects, such as solar farms or wind turbines. It outlines the terms of investment, technological standards, energy distribution agreements, and the allocation of benefits derived from the renewable energy generation activities. In summary, the Michigan Supplemental Declaration of Pooled Unit serves as a legal framework that governs the pooling of resources within a specific unit for varied purposes. Depending on the industry or nature of the pooled assets, different types of supplemental declarations may be employed to ensure appropriate regulations and guidelines are established for efficient operation and fair distribution of benefits.The Michigan Supplemental Declaration of Pooled Unit is a legal document that pertains specifically to the establishment and operation of a pooled unit in the state of Michigan. This declaration outlines the rights, responsibilities, and limitations associated with pooling resources or interests within a unit, typically for the purpose of collectively investing in and developing oil, gas, or mineral leases. Keywords: Michigan, Supplemental Declaration, Pooled Unit, legal document, establishment, operation, pooling resources, interests, rights, responsibilities, limitations, collectively investing, developing, oil, gas, mineral leases. There are different types of Michigan Supplemental Declarations of Pooled Unit, each catering to specific industries and requirements. Some of these variations include: 1. Michigan Supplemental Declaration of Pooled Oil Unit: This type of declaration focuses on the pooling of oil resources within a designated geographical area. It details the method of allocation, ownership percentages, drilling responsibilities, distribution of profits, and other relevant factors related to the extraction and production of oil. 2. Michigan Supplemental Declaration of Pooled Gas Unit: This declaration is similar to the oil unit variant but specifically pertains to the pooling of natural gas resources. It covers the pooling rules, standards for gas production, royalty payments, environmental considerations, and other specific details pertaining to gas extraction and distribution operations. 3. Michigan Supplemental Declaration of Pooled Mineral Unit: This declaration is broader in scope and encompasses the pooling of various minerals, such as coal, precious metals, or non-metallic minerals. It addresses rights to exploration, extraction methodologies, mineral ownership percentages, revenue sharing, environmental regulations, and other key factors associated with pooled mineral developments. 4. Michigan Supplemental Declaration of Pooled Unit for Renewable Energy Projects: This type of declaration is specifically designed for pooling unit owners who wish to collectively invest in renewable energy projects, such as solar farms or wind turbines. It outlines the terms of investment, technological standards, energy distribution agreements, and the allocation of benefits derived from the renewable energy generation activities. In summary, the Michigan Supplemental Declaration of Pooled Unit serves as a legal framework that governs the pooling of resources within a specific unit for varied purposes. Depending on the industry or nature of the pooled assets, different types of supplemental declarations may be employed to ensure appropriate regulations and guidelines are established for efficient operation and fair distribution of benefits.
