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 San Antonio Texas Amendment to Pooled Unit Designation refers to a specific process that allows for changes or modifications to the existing pooled unit designation within the city of San Antonio, Texas. Pooled unit designations are a crucial aspect of oil and gas operations, ensuring efficient exploration and extraction of resources from a particular area. In San Antonio, the amendment process aims to provide a legal mechanism for oil and gas companies to adjust or redefine the existing boundaries or parameters of a pooled unit. This process typically involves several steps, including submitting a formal application, complying with local regulations, and obtaining the necessary approvals from relevant authorities. The San Antonio Texas Amendment to Pooled Unit Designation takes into account various factors such as geological surveys, hydrocarbon reserves, and market conditions to determine the viability and potential of modifying the existing pooling unit. The objective of such amendments is to optimize production, minimize operational costs, and maximize the recovery of valuable resources from within the designated area. Different types of San Antonio Texas Amendment to Pooled Unit Designation may include: 1. Boundary Adjustment: This type of amendment involves changing the physical boundaries of a pooled unit, typically to incorporate additional acreage that has been deemed prospective for oil and gas production. This amendment aims to expand the pool of resources available for extraction. 2. Unit Resizing: In certain cases, an amendment may be proposed to modify the size or dimensions of an existing unit. This can be done to accommodate changes in production strategies, technological advancements, or to align with geological considerations. 3. Unit Combination or Splitting: These amendments involve merging multiple existing units into a single pool or dividing a large pooled unit into smaller, more manageable portions. This allows for better resource allocation, increased operational efficiency, and facilitates tailored development plans based on varying geological characteristics. 4. Unit Reconfiguration: This type of amendment aims to redefine the internal structure or distribution of interests within a pooled unit. It may involve adjusting ownership percentages, revising working interests, or modifying royalty distribution among the participating parties. 5. Incorporating New Wells: When a new well is drilled within an existing pool, an amendment may be sought to incorporate the newly discovered reservoir into the existing pooled unit. This amendment ensures that the newly drilled well is appropriately integrated into the overall production operations. In conclusion, the San Antonio Texas Amendment to Pooled Unit Designation is a vital process that allows for necessary adjustments or modifications to be made to the existing pooled unit boundaries within the city. By considering factors such as reserves, geology, and market conditions, these amendments aim to optimize production, streamline operations, and maximize the extraction of valuable resources.The San Antonio Texas Amendment to Pooled Unit Designation refers to a specific process that allows for changes or modifications to the existing pooled unit designation within the city of San Antonio, Texas. Pooled unit designations are a crucial aspect of oil and gas operations, ensuring efficient exploration and extraction of resources from a particular area. In San Antonio, the amendment process aims to provide a legal mechanism for oil and gas companies to adjust or redefine the existing boundaries or parameters of a pooled unit. This process typically involves several steps, including submitting a formal application, complying with local regulations, and obtaining the necessary approvals from relevant authorities. The San Antonio Texas Amendment to Pooled Unit Designation takes into account various factors such as geological surveys, hydrocarbon reserves, and market conditions to determine the viability and potential of modifying the existing pooling unit. The objective of such amendments is to optimize production, minimize operational costs, and maximize the recovery of valuable resources from within the designated area. Different types of San Antonio Texas Amendment to Pooled Unit Designation may include: 1. Boundary Adjustment: This type of amendment involves changing the physical boundaries of a pooled unit, typically to incorporate additional acreage that has been deemed prospective for oil and gas production. This amendment aims to expand the pool of resources available for extraction. 2. Unit Resizing: In certain cases, an amendment may be proposed to modify the size or dimensions of an existing unit. This can be done to accommodate changes in production strategies, technological advancements, or to align with geological considerations. 3. Unit Combination or Splitting: These amendments involve merging multiple existing units into a single pool or dividing a large pooled unit into smaller, more manageable portions. This allows for better resource allocation, increased operational efficiency, and facilitates tailored development plans based on varying geological characteristics. 4. Unit Reconfiguration: This type of amendment aims to redefine the internal structure or distribution of interests within a pooled unit. It may involve adjusting ownership percentages, revising working interests, or modifying royalty distribution among the participating parties. 5. Incorporating New Wells: When a new well is drilled within an existing pool, an amendment may be sought to incorporate the newly discovered reservoir into the existing pooled unit. This amendment ensures that the newly drilled well is appropriately integrated into the overall production operations. In conclusion, the San Antonio Texas Amendment to Pooled Unit Designation is a vital process that allows for necessary adjustments or modifications to be made to the existing pooled unit boundaries within the city. By considering factors such as reserves, geology, and market conditions, these amendments aim to optimize production, streamline operations, and maximize the extraction of valuable resources.
