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 Oregon Declaration of Pooled Unit — Long Form is a legal document used in the state of Oregon to establish a pooling arrangement for the development and production of oil and gas resources. This document outlines the terms and conditions under which multiple owners of mineral rights can join together to form a pooled unit. A pooled unit is created when several adjoining or nearby tracts of land are combined into a single production unit. This allows for the efficient and coordinated development of the resources, maximizing the recovery of oil and gas deposits. The Oregon Declaration of Pooled Unit — Long Form contains several key provisions, including the identification of participating owners or parties, the legal description of the lands to be included in the pooled unit, and the establishment of the unit boundaries. It also specifies the allocation of costs and revenues among the participating owners, the duration of the pooling arrangement, and the procedure for approving drilling operations. There are different types of Oregon Declaration of Pooled Unit — Long Form that may vary based on specific factors or circumstances. Some common variations or additional forms related to the pooled unit declaration in Oregon are: 1. Oregon Declaration of Pooled Unit — Long Form for Oil and Gas Wells: This form specifically pertains to the pooling arrangement for the development and production of oil and gas wells. It includes provisions for drilling operations, well spacing, and legal compliance related to the extraction of oil and gas resources. 2. Oregon Declaration of Pooled Unit — Long Form for Geothermal Resources: This variant of the declaration is tailored for the pooling arrangement aimed at developing and utilizing geothermal resources. It addresses the unique considerations associated with geothermal energy production, such as well drilling, heat extraction, and resource conservation. 3. Oregon Declaration of Pooled Unit — Long Form for Enhanced Recovery Techniques: This type of pooled unit declaration focuses on the implementation of enhanced recovery techniques, such as water flooding or carbon dioxide injection, to improve the extraction of hydrocarbons from existing oil and gas reservoirs. It includes provisions specific to these techniques to ensure their efficient implementation within the pooled unit. These different types or variations of the Oregon Declaration of Pooled Unit — Long Form serve as templates to accommodate the diverse needs and resources being pooled.The Oregon Declaration of Pooled Unit — Long Form is a legal document used in the state of Oregon to establish a pooling arrangement for the development and production of oil and gas resources. This document outlines the terms and conditions under which multiple owners of mineral rights can join together to form a pooled unit. A pooled unit is created when several adjoining or nearby tracts of land are combined into a single production unit. This allows for the efficient and coordinated development of the resources, maximizing the recovery of oil and gas deposits. The Oregon Declaration of Pooled Unit — Long Form contains several key provisions, including the identification of participating owners or parties, the legal description of the lands to be included in the pooled unit, and the establishment of the unit boundaries. It also specifies the allocation of costs and revenues among the participating owners, the duration of the pooling arrangement, and the procedure for approving drilling operations. There are different types of Oregon Declaration of Pooled Unit — Long Form that may vary based on specific factors or circumstances. Some common variations or additional forms related to the pooled unit declaration in Oregon are: 1. Oregon Declaration of Pooled Unit — Long Form for Oil and Gas Wells: This form specifically pertains to the pooling arrangement for the development and production of oil and gas wells. It includes provisions for drilling operations, well spacing, and legal compliance related to the extraction of oil and gas resources. 2. Oregon Declaration of Pooled Unit — Long Form for Geothermal Resources: This variant of the declaration is tailored for the pooling arrangement aimed at developing and utilizing geothermal resources. It addresses the unique considerations associated with geothermal energy production, such as well drilling, heat extraction, and resource conservation. 3. Oregon Declaration of Pooled Unit — Long Form for Enhanced Recovery Techniques: This type of pooled unit declaration focuses on the implementation of enhanced recovery techniques, such as water flooding or carbon dioxide injection, to improve the extraction of hydrocarbons from existing oil and gas reservoirs. It includes provisions specific to these techniques to ensure their efficient implementation within the pooled unit. These different types or variations of the Oregon Declaration of Pooled Unit — Long Form serve as templates to accommodate the diverse needs and resources being pooled.
