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 Suffolk New York Amendment to Pooled Unit Designation is an important legal process that pertains to the creation, modification, or division of pooled units within the Suffolk County region of New York. Pooled units refer to a collective area of land and resources that are combined and managed together for various purposes, such as oil and gas extraction, or land development. This amendment is designed to provide a framework for the proper identification and designation of pooled units, ensuring fair and efficient utilization of resources while taking into account the rights and interests of all stakeholders involved. It promotes transparency, resolves conflicts, and promotes responsible land use. There are several types of Suffolk New York Amendment to Pooled Unit Designation, each addressing specific circumstances and requirements. Some common types include: 1. Creation of Pooled Units: This type of amendment outlines the process and criteria for establishing new pooled units. It may involve combining smaller tracts of land or subdividing larger areas into multiple smaller units. 2. Modification of Pooled Units: This type of amendment involves making changes to existing pooled units. It can encompass alterations to unit boundaries, inclusion or exclusion of lands from existing units, or changes to the management and operation of the pooled units. 3. Division of Pooled Units: In certain cases, it may become necessary to divide an existing pooled unit into smaller units to meet changing needs or to address conflicting interests. This type of amendment outlines the procedure and criteria for such divisions, ensuring an equitable distribution of resources. 4. Consolidation of Pooled Units: When multiple smaller pooled units are found to be no longer viable or effective, this type of amendment allows for the consolidation of these units into larger, more efficient units. It streamlines resource management and enhances operational efficiency. 5. Bylaws and Regulations: The Suffolk New York Amendment to Pooled Unit Designation may also include provisions for establishing bylaws, rules, and regulations governing the operation, management, and use of pooled units. These guidelines help maintain order and promote responsible practices within the units. Overall, the Suffolk New York Amendment to Pooled Unit Designation is an essential legal mechanism for regulating the creation, modification, and division of pooled units in Suffolk County. It ensures the fair and sustainable management of land and resources, providing a framework that accommodates the dynamic needs and interests of various stakeholders while preserving the long-term welfare of the community.The Suffolk New York Amendment to Pooled Unit Designation is an important legal process that pertains to the creation, modification, or division of pooled units within the Suffolk County region of New York. Pooled units refer to a collective area of land and resources that are combined and managed together for various purposes, such as oil and gas extraction, or land development. This amendment is designed to provide a framework for the proper identification and designation of pooled units, ensuring fair and efficient utilization of resources while taking into account the rights and interests of all stakeholders involved. It promotes transparency, resolves conflicts, and promotes responsible land use. There are several types of Suffolk New York Amendment to Pooled Unit Designation, each addressing specific circumstances and requirements. Some common types include: 1. Creation of Pooled Units: This type of amendment outlines the process and criteria for establishing new pooled units. It may involve combining smaller tracts of land or subdividing larger areas into multiple smaller units. 2. Modification of Pooled Units: This type of amendment involves making changes to existing pooled units. It can encompass alterations to unit boundaries, inclusion or exclusion of lands from existing units, or changes to the management and operation of the pooled units. 3. Division of Pooled Units: In certain cases, it may become necessary to divide an existing pooled unit into smaller units to meet changing needs or to address conflicting interests. This type of amendment outlines the procedure and criteria for such divisions, ensuring an equitable distribution of resources. 4. Consolidation of Pooled Units: When multiple smaller pooled units are found to be no longer viable or effective, this type of amendment allows for the consolidation of these units into larger, more efficient units. It streamlines resource management and enhances operational efficiency. 5. Bylaws and Regulations: The Suffolk New York Amendment to Pooled Unit Designation may also include provisions for establishing bylaws, rules, and regulations governing the operation, management, and use of pooled units. These guidelines help maintain order and promote responsible practices within the units. Overall, the Suffolk New York Amendment to Pooled Unit Designation is an essential legal mechanism for regulating the creation, modification, and division of pooled units in Suffolk County. It ensures the fair and sustainable management of land and resources, providing a framework that accommodates the dynamic needs and interests of various stakeholders while preserving the long-term welfare of the community.
