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 South Dakota Supplemental Declaration of Pooled Unit is a legal document that outlines the details and terms of a pooled unit in the state of South Dakota. Pooled units refer to areas of land that are combined for the purpose of oil and gas production. When it comes to oil and gas operations in South Dakota, the state requires operators to obtain a pooling order from the South Dakota Oil and Gas Conservation Commission. This pooling order authorizes the creation of a pooled unit, which allows for the efficient exploration and production of oil and gas resources. The South Dakota Supplemental Declaration of Pooled Unit is specific to each individual pooled unit and is used to provide additional details and specifications about the unit. The content of this declaration may vary depending on the specific circumstances and requirements of the oil and gas operation. Various types of South Dakota Supplemental Declaration of Pooled Unit may include: 1. Unitization Agreement: This type of declaration outlines the agreement between the operators of different tracts of land within the pooled unit. It sets forth the terms and conditions for the sharing of production and costs among the participating owners. 2. Allocation of Interests Declaration: This declaration specifies the method for allocating the ownership interests within the pooled unit. It determines how production, expenses, and revenues will be divided among the participating owners. 3. Operating Agreement: This type of declaration details the rights, responsibilities, and obligations of the operators within the pooled unit. It may cover topics such as drilling obligations, operations and maintenance, financial matters, and dispute resolution. 4. Unit Plan: This declaration encompasses various technical aspects of the pooled unit. It includes maps, survey information, geologic data, and engineering plans that define the boundaries and characteristics of the unit. 5. Environmental Compliance Declaration: This declaration focuses on the environmental considerations and requirements that operators within the pooled unit must adhere to. It addresses issues such as waste management, water usage, air emissions, and remediation processes. In conclusion, the South Dakota Supplemental Declaration of Pooled Unit is a comprehensive legal document that provides specific details and terms for the efficient exploration and production of oil and gas resources within a pooled unit. The content of this declaration may vary depending on the type of declaration selected, such as an unitization agreement, allocation of interests declaration, operating agreement, unit plan, or environmental compliance declaration.The South Dakota Supplemental Declaration of Pooled Unit is a legal document that outlines the details and terms of a pooled unit in the state of South Dakota. Pooled units refer to areas of land that are combined for the purpose of oil and gas production. When it comes to oil and gas operations in South Dakota, the state requires operators to obtain a pooling order from the South Dakota Oil and Gas Conservation Commission. This pooling order authorizes the creation of a pooled unit, which allows for the efficient exploration and production of oil and gas resources. The South Dakota Supplemental Declaration of Pooled Unit is specific to each individual pooled unit and is used to provide additional details and specifications about the unit. The content of this declaration may vary depending on the specific circumstances and requirements of the oil and gas operation. Various types of South Dakota Supplemental Declaration of Pooled Unit may include: 1. Unitization Agreement: This type of declaration outlines the agreement between the operators of different tracts of land within the pooled unit. It sets forth the terms and conditions for the sharing of production and costs among the participating owners. 2. Allocation of Interests Declaration: This declaration specifies the method for allocating the ownership interests within the pooled unit. It determines how production, expenses, and revenues will be divided among the participating owners. 3. Operating Agreement: This type of declaration details the rights, responsibilities, and obligations of the operators within the pooled unit. It may cover topics such as drilling obligations, operations and maintenance, financial matters, and dispute resolution. 4. Unit Plan: This declaration encompasses various technical aspects of the pooled unit. It includes maps, survey information, geologic data, and engineering plans that define the boundaries and characteristics of the unit. 5. Environmental Compliance Declaration: This declaration focuses on the environmental considerations and requirements that operators within the pooled unit must adhere to. It addresses issues such as waste management, water usage, air emissions, and remediation processes. In conclusion, the South Dakota Supplemental Declaration of Pooled Unit is a comprehensive legal document that provides specific details and terms for the efficient exploration and production of oil and gas resources within a pooled unit. The content of this declaration may vary depending on the type of declaration selected, such as an unitization agreement, allocation of interests declaration, operating agreement, unit plan, or environmental compliance declaration.
