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.
A Wyoming Supplemental Declaration of Pooled Unit is a legal document that outlines the terms and conditions for the establishment and operation of a pooled unit in the state of Wyoming. Pooled units are commonly used in the oil and gas industry to consolidate multiple mineral leases or tracts of land into a single unit for exploration and production purposes. This declaration provides a detailed description of how the pooled unit will be created, including the identification of the participating leases or tracts, the designated operator responsible for managing the unit, and the proportional interests of each working interest owner in the unit. Keywords: Wyoming, Supplemental Declaration, Pooled Unit, legal document, terms and conditions, establishment, operation, consolidation, mineral leases, tracts of land, exploration, production, participating leases, designated operator, working interest owner. Different types of Wyoming Supplemental Declarations of Pooled Unit may include: 1. Exploration and Production Declaration: This type of declaration focuses on establishing a pooled unit specifically for exploration and production activities in Wyoming. It will outline the terms and conditions unique to these operations, such as drilling obligations, revenue sharing agreements, and environmental considerations. 2. Enhanced Recovery Declaration: In cases where enhanced recovery techniques like water flooding or enhanced oil recovery methods are used, a supplemental declaration might be specifically tailored to address the unique requirements, risks, and benefits associated with these methods. 3. Time-limited Declaration: Some pooled units may have a specified term or time limit, after which they will either be renewed or dissolved. This type of declaration would include provisions related to the duration of the pooled unit and the process for determining whether to extend or terminate it. 4. Joint Development Declaration: When multiple operators collaborate to jointly develop a pooled unit, a joint development declaration may be utilized. This declaration would detail the roles, responsibilities, and financial arrangements among the operators. 5. Unconventional Resources Declaration: In the context of Wyoming's vast reserves of unconventional resources like shale gas or tight oil, a supplemental declaration may be specifically designed to address the unique challenges and regulations associated with their extraction. Keywords: Exploration and Production Declaration, Enhanced Recovery Declaration, Time-limited Declaration, Joint Development Declaration, Unconventional Resources Declaration, Wyoming, Supplemental Declaration, Pooled Unit, operations, drilling obligations, revenue sharing, environmental considerations, enhanced recovery techniques, water flooding, enhanced oil recovery, time limit, joint development, unconventional resources, shale gas, tight oil, extraction, regulations.
A Wyoming Supplemental Declaration of Pooled Unit is a legal document that outlines the terms and conditions for the establishment and operation of a pooled unit in the state of Wyoming. Pooled units are commonly used in the oil and gas industry to consolidate multiple mineral leases or tracts of land into a single unit for exploration and production purposes. This declaration provides a detailed description of how the pooled unit will be created, including the identification of the participating leases or tracts, the designated operator responsible for managing the unit, and the proportional interests of each working interest owner in the unit. Keywords: Wyoming, Supplemental Declaration, Pooled Unit, legal document, terms and conditions, establishment, operation, consolidation, mineral leases, tracts of land, exploration, production, participating leases, designated operator, working interest owner. Different types of Wyoming Supplemental Declarations of Pooled Unit may include: 1. Exploration and Production Declaration: This type of declaration focuses on establishing a pooled unit specifically for exploration and production activities in Wyoming. It will outline the terms and conditions unique to these operations, such as drilling obligations, revenue sharing agreements, and environmental considerations. 2. Enhanced Recovery Declaration: In cases where enhanced recovery techniques like water flooding or enhanced oil recovery methods are used, a supplemental declaration might be specifically tailored to address the unique requirements, risks, and benefits associated with these methods. 3. Time-limited Declaration: Some pooled units may have a specified term or time limit, after which they will either be renewed or dissolved. This type of declaration would include provisions related to the duration of the pooled unit and the process for determining whether to extend or terminate it. 4. Joint Development Declaration: When multiple operators collaborate to jointly develop a pooled unit, a joint development declaration may be utilized. This declaration would detail the roles, responsibilities, and financial arrangements among the operators. 5. Unconventional Resources Declaration: In the context of Wyoming's vast reserves of unconventional resources like shale gas or tight oil, a supplemental declaration may be specifically designed to address the unique challenges and regulations associated with their extraction. Keywords: Exploration and Production Declaration, Enhanced Recovery Declaration, Time-limited Declaration, Joint Development Declaration, Unconventional Resources Declaration, Wyoming, Supplemental Declaration, Pooled Unit, operations, drilling obligations, revenue sharing, environmental considerations, enhanced recovery techniques, water flooding, enhanced oil recovery, time limit, joint development, unconventional resources, shale gas, tight oil, extraction, regulations.
