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 Salt Lake Utah Amendment to Pooled Unit Designation is a legal concept that pertains to the regulation and management of oil and gas resources in Salt Lake, Utah. This amendment aims to improve the efficiency and effectiveness of resource extraction by modifying and updating existing pooled unit designations in the region. It is an essential tool for companies involved in the extraction of oil and gas in Salt Lake, Utah, as it allows them to better allocate resources and streamline operations. One type of Salt Lake Utah Amendment to Pooled Unit Designation is the "Boundary Modification Amendment." This particular amendment is applied when there is a need to adjust the boundaries of existing pooled units. It may be necessary in cases where the current boundaries no longer align with the optimal distribution of oil and gas reserves. By modifying the boundaries, the amendment ensures that resources are allocated in a manner that reflects the actual geographical distribution of reserves. Another type of Salt Lake Utah Amendment to Pooled Unit Designation is the "Consolidation Amendment." This amendment is enacted when there is a need to combine multiple smaller pooled units into a larger, more efficient unit. Consolidation allows for better resource extraction and reduces operational costs associated with managing multiple smaller units. It also facilitates the implementation of advanced extraction techniques, such as horizontal drilling, which require larger contiguous areas to be effective. The "Extension Amendment" is yet another type of Salt Lake Utah Amendment to Pooled Unit Designation. This amendment is utilized when the expiration date of an existing pooled unit is approaching and there is a need to extend its validity. Extensions are typically granted to enable companies to continue extracting resources without disruption or the need for reapplication. The extension ensures continuity of operations and provides legal certainty for resource extraction activities. Overall, the Salt Lake Utah Amendment to Pooled Unit Designation is a critical aspect of the oil and gas industry's legal framework in the region. It allows for the dynamic management of resources, ensuring optimal extraction and alignment with geological reality. The various types of amendments, including the Boundary Modification, Consolidation, and Extension Amendments, reflect the adaptable nature of the industry in Salt Lake, Utah, and its commitment to efficient and sustainable resource management.The Salt Lake Utah Amendment to Pooled Unit Designation is a legal concept that pertains to the regulation and management of oil and gas resources in Salt Lake, Utah. This amendment aims to improve the efficiency and effectiveness of resource extraction by modifying and updating existing pooled unit designations in the region. It is an essential tool for companies involved in the extraction of oil and gas in Salt Lake, Utah, as it allows them to better allocate resources and streamline operations. One type of Salt Lake Utah Amendment to Pooled Unit Designation is the "Boundary Modification Amendment." This particular amendment is applied when there is a need to adjust the boundaries of existing pooled units. It may be necessary in cases where the current boundaries no longer align with the optimal distribution of oil and gas reserves. By modifying the boundaries, the amendment ensures that resources are allocated in a manner that reflects the actual geographical distribution of reserves. Another type of Salt Lake Utah Amendment to Pooled Unit Designation is the "Consolidation Amendment." This amendment is enacted when there is a need to combine multiple smaller pooled units into a larger, more efficient unit. Consolidation allows for better resource extraction and reduces operational costs associated with managing multiple smaller units. It also facilitates the implementation of advanced extraction techniques, such as horizontal drilling, which require larger contiguous areas to be effective. The "Extension Amendment" is yet another type of Salt Lake Utah Amendment to Pooled Unit Designation. This amendment is utilized when the expiration date of an existing pooled unit is approaching and there is a need to extend its validity. Extensions are typically granted to enable companies to continue extracting resources without disruption or the need for reapplication. The extension ensures continuity of operations and provides legal certainty for resource extraction activities. Overall, the Salt Lake Utah Amendment to Pooled Unit Designation is a critical aspect of the oil and gas industry's legal framework in the region. It allows for the dynamic management of resources, ensuring optimal extraction and alignment with geological reality. The various types of amendments, including the Boundary Modification, Consolidation, and Extension Amendments, reflect the adaptable nature of the industry in Salt Lake, Utah, and its commitment to efficient and sustainable resource management.
