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 Oakland Michigan Amendment to Pooled Unit Designation is a legal document that pertains to the oil and gas industry. This amendment is specific to the Oakland County, Michigan area and outlines requirements and regulations regarding the formation and division of pooled units for drilling and production purposes. Pooled units in the oil and gas industry refer to the sharing of land and resources by multiple parties to maximize efficiency and optimize production. The Oakland Michigan Amendment ensures that the formation and designation of pooled units in the county follow set guidelines and meet certain criteria. This amendment covers various aspects related to pooled units, including their establishment, modification, and dissolution. It ensures that the process is fair and transparent, protecting the rights of both landowners and operators involved. The amendment also enforces regulations to prevent any potential negative environmental impact and enforce compliance with state and federal laws. The Oakland Michigan Amendment to Pooled Unit Designation involves several essential keywords that describe its purpose and scope. Some relevant keywords may include: 1. Oakland County, Michigan 2. Oil and gas industry 3. Pooled units 4. Formation and designation 5. Drilling and production 6. Guidelines and regulations 7. Landowners and operators 8. Environmental impact 9. Compliance with laws 10. Modification and dissolution. Different types of Oakland Michigan Amendments to Pooled Unit Designation may exist depending on specific updates and changes made to the original document over time. These amendments could address new regulations, incorporate additional guidelines, expand the geographical area covered, or modify existing provisions. It is important to consult the latest version of the amendment to ensure accurate compliance with the current requirements.
