This form is used when the Operator desires to amend the Designation of Pooled Unit, as permitted by the terms of the Leases included in the Unit, to (increase/reduce) the size of the Unit so that, on the Effective Date of this Amendment, the Unit will consist of a specific number of acres of land, which lands are to be depicted on a plat attached to this Amendment.
North Dakota Amendment to Pooled Unit Designation refers to a legal process in the state of North Dakota that allows for modifications to be made to existing pooled units related to oil and gas production. Pooled unit designations are used in the oil and gas industry to consolidate multiple leases or interests into a single unit for efficient exploration and extraction operations. An amendment to a pooled unit designation may be necessary when there is a need to modify the boundaries or terms of an existing pooled unit. This could be driven by various factors such as new information about the reservoir, changes in ownership or leasehold interests, or the need to optimize production efficiency. The North Dakota Department of Mineral Resources, Oil and Gas Division is responsible for overseeing the amendment process. Operators or interested parties can submit an application for an amendment, outlining the specific modifications they propose. The department evaluates these applications based on technical and economic viability, environmental impacts, and compliance with state regulations. There are several types of amendments that can be made to a pooled unit designation in North Dakota: 1. Boundary Amendments: These involve changing the boundaries of an existing unit. This can be done to include additional mineral acreage or exclude portions that are deemed unproductive or logistically challenging. 2. Operational Amendments: These amendments focus on improving operational efficiency within a pooled unit. This could include changes to well spacing, facilities, or production techniques to optimize extraction. 3. Ownership Amendments: When there are changes in ownership, such as a transfer or consolidation of leasehold interests within a pooled unit, an amendment may be required to reflect the new ownership structure accurately. 4. Lease Amendments: If there are modifications to the terms or conditions of individual leases within a pooled unit, such as adjusting royalty rates or lease durations, an amendment may be needed to incorporate these changes. It is important to note that the specific requirements and procedures for North Dakota Amendment to Pooled Unit Designation may vary based on state regulations and individual circumstances. Operators and interested parties are advised to consult the North Dakota Department of Mineral Resources, Oil and Gas Division for detailed guidance on the amendment process.North Dakota Amendment to Pooled Unit Designation refers to a legal process in the state of North Dakota that allows for modifications to be made to existing pooled units related to oil and gas production. Pooled unit designations are used in the oil and gas industry to consolidate multiple leases or interests into a single unit for efficient exploration and extraction operations. An amendment to a pooled unit designation may be necessary when there is a need to modify the boundaries or terms of an existing pooled unit. This could be driven by various factors such as new information about the reservoir, changes in ownership or leasehold interests, or the need to optimize production efficiency. The North Dakota Department of Mineral Resources, Oil and Gas Division is responsible for overseeing the amendment process. Operators or interested parties can submit an application for an amendment, outlining the specific modifications they propose. The department evaluates these applications based on technical and economic viability, environmental impacts, and compliance with state regulations. There are several types of amendments that can be made to a pooled unit designation in North Dakota: 1. Boundary Amendments: These involve changing the boundaries of an existing unit. This can be done to include additional mineral acreage or exclude portions that are deemed unproductive or logistically challenging. 2. Operational Amendments: These amendments focus on improving operational efficiency within a pooled unit. This could include changes to well spacing, facilities, or production techniques to optimize extraction. 3. Ownership Amendments: When there are changes in ownership, such as a transfer or consolidation of leasehold interests within a pooled unit, an amendment may be required to reflect the new ownership structure accurately. 4. Lease Amendments: If there are modifications to the terms or conditions of individual leases within a pooled unit, such as adjusting royalty rates or lease durations, an amendment may be needed to incorporate these changes. It is important to note that the specific requirements and procedures for North Dakota Amendment to Pooled Unit Designation may vary based on state regulations and individual circumstances. Operators and interested parties are advised to consult the North Dakota Department of Mineral Resources, Oil and Gas Division for detailed guidance on the amendment process.
