This form is used when the Operator desires to amend the Designation of Pooled Unit, as permitted by the terms of the Leases included in the Unit, to (increase/reduce) the size of the Unit so that, on the Effective Date of this Amendment, the Unit will consist of a specific number of acres of land, which lands are to be depicted on a plat attached to this Amendment.
The Los Angeles California Amendment to Pooled Unit Designation is a legal document that is used to modify or alter the existing designation of pooled units within an oil or gas field in Los Angeles, California. This amendment typically focuses on making changes to the composition, boundaries, and allocation of these pooled units. Keywords: Los Angeles California, Amendment to Pooled Unit Designation, legal document, modify, alter, pooled units, oil, gas field, composition, boundaries, allocation. There can be different types of Los Angeles California Amendment to Pooled Unit Designation, including: 1. Boundary Adjustment Amendment: This type of amendment is used to redefine the boundaries of the existing pooled units within a specific oil or gas field in Los Angeles, California. It may involve consolidating or subdividing existing units to optimize extraction operations or accommodate changes in property ownership. 2. Composition Modification Amendment: This amendment focuses on altering the composition of a pooled unit in Los Angeles, California. It enables operators to add or remove individual wells or leaseholds within a pool, optimizing production or addressing regulatory requirements. 3. Allocation Adjustment Amendment: This type of amendment deals with the allocation of production and costs associated with pooled units in Los Angeles, California. It may involve revising the percentage or proportionate interest assigned to each working interest owner, ensuring a fair division of revenues and expenses. 4. Field-Wide Amendments: These are amendments that impact multiple pooled units within a specific oil or gas field in Los Angeles, California. They may involve adjusting the boundaries, composition, or allocation of units to address broader operational or regulatory considerations. 5. Non-Operated Interests Amendments: This amendment type applies to non-operating partners or working interest owners who do not control the operations within a pooled unit in Los Angeles, California. It allows them to modify their share of ownership or participation in the unit, typically addressing issues related to investment, voting rights, or revenue distribution. By understanding the different types of amendments to pooled unit designations in Los Angeles, California, oil and gas industry professionals can effectively navigate the complex legal and operational aspects associated with pool development and management in the region.The Los Angeles California Amendment to Pooled Unit Designation is a legal document that is used to modify or alter the existing designation of pooled units within an oil or gas field in Los Angeles, California. This amendment typically focuses on making changes to the composition, boundaries, and allocation of these pooled units. Keywords: Los Angeles California, Amendment to Pooled Unit Designation, legal document, modify, alter, pooled units, oil, gas field, composition, boundaries, allocation. There can be different types of Los Angeles California Amendment to Pooled Unit Designation, including: 1. Boundary Adjustment Amendment: This type of amendment is used to redefine the boundaries of the existing pooled units within a specific oil or gas field in Los Angeles, California. It may involve consolidating or subdividing existing units to optimize extraction operations or accommodate changes in property ownership. 2. Composition Modification Amendment: This amendment focuses on altering the composition of a pooled unit in Los Angeles, California. It enables operators to add or remove individual wells or leaseholds within a pool, optimizing production or addressing regulatory requirements. 3. Allocation Adjustment Amendment: This type of amendment deals with the allocation of production and costs associated with pooled units in Los Angeles, California. It may involve revising the percentage or proportionate interest assigned to each working interest owner, ensuring a fair division of revenues and expenses. 4. Field-Wide Amendments: These are amendments that impact multiple pooled units within a specific oil or gas field in Los Angeles, California. They may involve adjusting the boundaries, composition, or allocation of units to address broader operational or regulatory considerations. 5. Non-Operated Interests Amendments: This amendment type applies to non-operating partners or working interest owners who do not control the operations within a pooled unit in Los Angeles, California. It allows them to modify their share of ownership or participation in the unit, typically addressing issues related to investment, voting rights, or revenue distribution. By understanding the different types of amendments to pooled unit designations in Los Angeles, California, oil and gas industry professionals can effectively navigate the complex legal and operational aspects associated with pool development and management in the region.
