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.
Santa Clara California Amendment to Pooled Unit Designation is a legal process that allows for changes in the designation of pooled units in the Santa Clara area. Pooled units refer to a group of individual oil or gas leases that are combined to form a larger unit for more efficient and cost-effective extraction of resources. The amendment process typically occurs when there is a need to modify the existing pooled unit designation due to various reasons such as changes in ownership, operational considerations, or regulatory requirements. It is crucial to comply with the amendments to ensure legal and operational efficiency in the extraction of natural resources. There can be different types of Santa Clara California Amendment to Pooled Unit Designation, depending on the specific circumstances and requirements. Some of these types include: 1. Boundary Amendments: These amendments involve adjustments to the boundaries of the existing pooled unit. This can include expanding or contracting the unit's area based on changes in the leasehold interests or geological considerations. 2. Ownership Amendments: Ownership amendments are necessary when there are changes in the ownership of the leases within the pooled unit. This can occur due to lease assignments, acquisitions, or divestitures. The amendment ensures that the new owners are appropriately included in the pooled unit designation. 3. Technical Amendments: Technical amendments are made to address specific technical requirements or challenges related to the extraction of resources. These can include changes in drilling techniques, reservoir assessment methods, or well spacing regulations. The amendment helps optimize the production and recovery of resources while complying with industry standards and regulations. 4. Environmental and Regulatory Amendments: When there are changes in environmental regulations, zoning ordinances, or other regulatory requirements, amendments may be necessary to ensure compliance. These amendments help maintain environmental stewardship while facilitating resource extraction activities. 5. Operational Amendments: Operational amendments are made to enhance the efficiency and effectiveness of resource extraction operations within the pooled unit. This can include modifications to drilling schedules, well spacing, or infrastructure development. Operational amendments aim to maximize resource recovery while minimizing operational costs and environmental impact. In summary, Santa Clara California Amendment to Pooled Unit Designation involves the process of modifying the existing pooled unit designation to accommodate changes in ownership, operational requirements, legal regulations, or technical considerations. The types of amendments can vary depending on the specific circumstances, including boundary adjustments, ownership changes, technical upgrades, regulatory compliance, and operational enhancements. The amendment process is crucial to ensure the smooth and efficient extraction of natural resources in the Santa Clara area while adhering to legal and environmental standards.Santa Clara California Amendment to Pooled Unit Designation is a legal process that allows for changes in the designation of pooled units in the Santa Clara area. Pooled units refer to a group of individual oil or gas leases that are combined to form a larger unit for more efficient and cost-effective extraction of resources. The amendment process typically occurs when there is a need to modify the existing pooled unit designation due to various reasons such as changes in ownership, operational considerations, or regulatory requirements. It is crucial to comply with the amendments to ensure legal and operational efficiency in the extraction of natural resources. There can be different types of Santa Clara California Amendment to Pooled Unit Designation, depending on the specific circumstances and requirements. Some of these types include: 1. Boundary Amendments: These amendments involve adjustments to the boundaries of the existing pooled unit. This can include expanding or contracting the unit's area based on changes in the leasehold interests or geological considerations. 2. Ownership Amendments: Ownership amendments are necessary when there are changes in the ownership of the leases within the pooled unit. This can occur due to lease assignments, acquisitions, or divestitures. The amendment ensures that the new owners are appropriately included in the pooled unit designation. 3. Technical Amendments: Technical amendments are made to address specific technical requirements or challenges related to the extraction of resources. These can include changes in drilling techniques, reservoir assessment methods, or well spacing regulations. The amendment helps optimize the production and recovery of resources while complying with industry standards and regulations. 4. Environmental and Regulatory Amendments: When there are changes in environmental regulations, zoning ordinances, or other regulatory requirements, amendments may be necessary to ensure compliance. These amendments help maintain environmental stewardship while facilitating resource extraction activities. 5. Operational Amendments: Operational amendments are made to enhance the efficiency and effectiveness of resource extraction operations within the pooled unit. This can include modifications to drilling schedules, well spacing, or infrastructure development. Operational amendments aim to maximize resource recovery while minimizing operational costs and environmental impact. In summary, Santa Clara California Amendment to Pooled Unit Designation involves the process of modifying the existing pooled unit designation to accommodate changes in ownership, operational requirements, legal regulations, or technical considerations. The types of amendments can vary depending on the specific circumstances, including boundary adjustments, ownership changes, technical upgrades, regulatory compliance, and operational enhancements. The amendment process is crucial to ensure the smooth and efficient extraction of natural resources in the Santa Clara area while adhering to legal and environmental standards.
