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 South Carolina Declaration of Pooled Unit — Long Form is an essential legal document used in the state of South Carolina to establish a pooled unit for oil and gas production purposes. This declaration provides a framework and guidelines for the formation and operation of a pooled unit, allowing multiple landowners to jointly develop and produce hydrocarbon resources from their respective properties. Keywords: South Carolina, Declaration of Pooled Unit, Long Form, legal document, oil and gas production, pooled unit, landowners, hydrocarbon resources, properties. There are several types or variations of the South Carolina Declaration of Pooled Unit — Long Form, depending on specific requirements or circumstances. Some of these variations may include: 1. Standard South Carolina Declaration of Pooled Unit — Long Form: This is the default and most commonly used version of the document. It outlines the basic rules and regulations for creating and operating a pooled unit in South Carolina. 2. Modified South Carolina Declaration of Pooled Unit — Long Form: This version is customized to accommodate specific modifications or additional provisions requested by the landowners involved. It allows for flexibility in tailoring the declaration to meet individual needs. 3. Multilateral South Carolina Declaration of Pooled Unit — Long Form: In cases where several landowners wish to join forces to develop a larger-scale oil and gas project, the multilateral version of the declaration is utilized. It brings together multiple parties and properties within a larger pooled unit. 4. Single Property South Carolina Declaration of Pooled Unit — Long Form: This type of declaration pertains to situations where only one landowner intends to pool their property for oil and gas development. It provides a focused framework for individual landowners seeking to pool their resources. 5. Time-limited South Carolina Declaration of Pooled Unit — Long Form: Occasionally, landowners may opt for a pooled unit agreement that has a predetermined expiration date or a specific duration. This variation ensures that the agreement is temporary and allows parties to reassess or renegotiate the terms once the agreed-upon period ends. South Carolina landowners looking to establish a pooled unit for oil and gas production should consult with legal professionals to determine the most appropriate version of the South Carolina Declaration of Pooled Unit — Long Form that suits their specific needs and goals.The South Carolina Declaration of Pooled Unit — Long Form is an essential legal document used in the state of South Carolina to establish a pooled unit for oil and gas production purposes. This declaration provides a framework and guidelines for the formation and operation of a pooled unit, allowing multiple landowners to jointly develop and produce hydrocarbon resources from their respective properties. Keywords: South Carolina, Declaration of Pooled Unit, Long Form, legal document, oil and gas production, pooled unit, landowners, hydrocarbon resources, properties. There are several types or variations of the South Carolina Declaration of Pooled Unit — Long Form, depending on specific requirements or circumstances. Some of these variations may include: 1. Standard South Carolina Declaration of Pooled Unit — Long Form: This is the default and most commonly used version of the document. It outlines the basic rules and regulations for creating and operating a pooled unit in South Carolina. 2. Modified South Carolina Declaration of Pooled Unit — Long Form: This version is customized to accommodate specific modifications or additional provisions requested by the landowners involved. It allows for flexibility in tailoring the declaration to meet individual needs. 3. Multilateral South Carolina Declaration of Pooled Unit — Long Form: In cases where several landowners wish to join forces to develop a larger-scale oil and gas project, the multilateral version of the declaration is utilized. It brings together multiple parties and properties within a larger pooled unit. 4. Single Property South Carolina Declaration of Pooled Unit — Long Form: This type of declaration pertains to situations where only one landowner intends to pool their property for oil and gas development. It provides a focused framework for individual landowners seeking to pool their resources. 5. Time-limited South Carolina Declaration of Pooled Unit — Long Form: Occasionally, landowners may opt for a pooled unit agreement that has a predetermined expiration date or a specific duration. This variation ensures that the agreement is temporary and allows parties to reassess or renegotiate the terms once the agreed-upon period ends. South Carolina landowners looking to establish a pooled unit for oil and gas production should consult with legal professionals to determine the most appropriate version of the South Carolina Declaration of Pooled Unit — Long Form that suits their specific needs and goals.
