The Oregon Designation of Pooled Unit for Oil and Gas is a process utilized in the state of Oregon to establish pooled units for efficient extraction and production of oil and gas resources. Pooled units are created by combining several contiguous oil and gas leases or tracts into a single unit for operational purposes. The main objective of creating pooled units is to maximize the economic and productive potential of oil and gas reservoirs. By consolidating leases or tracts, it allows operators to implement comprehensive development plans, thereby reducing costs, minimizing surface disturbances, and improving overall operational efficiency. There are several types of Oregon Designation of Pooled Units for Oil and Gas, each serving specific purposes and catering to different stakeholder needs. Some different types include: 1. Drilling Units: These units are primarily established to facilitate drilling operations. Drilling units typically consist of multiple leases or tracts assembled to optimize drilling activities by reducing duplicate infrastructure and promoting efficient well placement. 2. Production Units: Once drilling is complete, production units are designated to efficiently extract and produce the oil and gas resources from the reservoir. These units consolidate wells and associated infrastructure, allowing operators to allocate production rights among leaseholders and efficiently manage production operations. 3. Development Units: Development units are established to enable comprehensive reservoir development plans. These units can encompass multiple drilling and production units, providing operators with a holistic framework to plan and execute systematic development activities, such as additional drilling, reservoir optimization, and enhanced recovery techniques. 4. Pooling Units: Pooling units are created to resolve lease tracts that are not being efficiently developed or leased separately. Pooling allows both the operators and non-participating mineral rights owners to realize value from their respective interests. This type of unit encourages collaboration and coordination among stakeholders, fostering the responsible and efficient development of oil and gas resources. The process for obtaining an Oregon Designation of Pooled Unit for Oil and Gas involves submitting an application to the relevant regulatory body, such as the Oregon Department of Geology and Mineral Industries (DOGMA). The application typically includes detailed geologic data, technical feasibility studies, proposed unit boundaries, and a comprehensive development plan, ensuring proper evaluation of the unit's potential benefits and impacts. Overall, the Oregon Designation of Pooled Unit for Oil and Gas serves as a crucial mechanism to optimize resource recovery while minimizing environmental impact and operational costs. Through the establishment of various types of pooled units, stakeholders can collaborate effectively, streamline operations, and maximize the value of Oregon's oil and gas reserves.
Oregon Designation of Pooled Unit For Oil and Gas
State:
Multi-State
Control #:
US-OG-378
Format:
Word;
Rich Text
Instant download
Description
This form is used by an Operator as a formal declaration that the Leases described are combined and pooled, as to the Lands described, to create a pooled unit.
The Oregon Designation of Pooled Unit for Oil and Gas is a process utilized in the state of Oregon to establish pooled units for efficient extraction and production of oil and gas resources. Pooled units are created by combining several contiguous oil and gas leases or tracts into a single unit for operational purposes. The main objective of creating pooled units is to maximize the economic and productive potential of oil and gas reservoirs. By consolidating leases or tracts, it allows operators to implement comprehensive development plans, thereby reducing costs, minimizing surface disturbances, and improving overall operational efficiency. There are several types of Oregon Designation of Pooled Units for Oil and Gas, each serving specific purposes and catering to different stakeholder needs. Some different types include: 1. Drilling Units: These units are primarily established to facilitate drilling operations. Drilling units typically consist of multiple leases or tracts assembled to optimize drilling activities by reducing duplicate infrastructure and promoting efficient well placement. 2. Production Units: Once drilling is complete, production units are designated to efficiently extract and produce the oil and gas resources from the reservoir. These units consolidate wells and associated infrastructure, allowing operators to allocate production rights among leaseholders and efficiently manage production operations. 3. Development Units: Development units are established to enable comprehensive reservoir development plans. These units can encompass multiple drilling and production units, providing operators with a holistic framework to plan and execute systematic development activities, such as additional drilling, reservoir optimization, and enhanced recovery techniques. 4. Pooling Units: Pooling units are created to resolve lease tracts that are not being efficiently developed or leased separately. Pooling allows both the operators and non-participating mineral rights owners to realize value from their respective interests. This type of unit encourages collaboration and coordination among stakeholders, fostering the responsible and efficient development of oil and gas resources. The process for obtaining an Oregon Designation of Pooled Unit for Oil and Gas involves submitting an application to the relevant regulatory body, such as the Oregon Department of Geology and Mineral Industries (DOGMA). The application typically includes detailed geologic data, technical feasibility studies, proposed unit boundaries, and a comprehensive development plan, ensuring proper evaluation of the unit's potential benefits and impacts. Overall, the Oregon Designation of Pooled Unit for Oil and Gas serves as a crucial mechanism to optimize resource recovery while minimizing environmental impact and operational costs. Through the establishment of various types of pooled units, stakeholders can collaborate effectively, streamline operations, and maximize the value of Oregon's oil and gas reserves.
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