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 Wayne Michigan Amendment to Pooled Unit Designation is a legal provision that pertains to the consolidation and efficient management of oil and gas resources within the state. It seeks to streamline the operations and enhance the administration of pooled units in order to optimize exploration and production activities. This amendment aims to deliver fair and equitable distribution of proceeds and royalties among the parties involved, ensuring maximum benefits for landowners, operators, and the state of Michigan. One of the key types of Wayne Michigan Amendment to Pooled Unit Designation is the Amendment to Pooled Unit Size. This type focuses on modifying the designated area of an existing pooled unit. It may involve enlarging or reducing the size of the unit to better align with the geological characteristics of the reservoir or to accommodate changes in well spacing regulations. The purpose of this amendment is to optimize recovery and maximize the production potential of the oil and gas reservoirs. Another type of Wayne Michigan Amendment to Pooled Unit Designation is the Amendment to Pooled Unit Participants. This variant deals with altering the entities or individuals that are part of the pooled unit. Such changes may occur due to acquisitions, divestitures, or the transfer of ownership rights. The purpose of this amendment is to ensure that all parties involved are properly informed and the unit remains economically viable and efficiently managed. Furthermore, the Wayne Michigan Amendment to Pooled Unit Designation also encompasses the Amendment to Pooled Unit Operations. This category primarily focuses on modifying the operational aspects of a pooled unit. It may involve changes in the drilling and production techniques, equipment, technology, or overall management structure. The objective of this amendment is to enhance efficiency, optimize resource recovery, and promote environmentally responsible practices. The introduction of the Wayne Michigan Amendment to Pooled Unit Designation establishes a framework for transparent and collaborative decision-making within the oil and gas industry. It provides a mechanism for participants in pooled units to modify and adapt their operations as new information becomes available, enabling a more dynamic approach to reservoir development. Through these amendments, the state of Michigan aims to ensure the long-term sustainability and viability of oil and gas operations while safeguarding the interests of all stakeholders involved.The Wayne Michigan Amendment to Pooled Unit Designation is a legal provision that pertains to the consolidation and efficient management of oil and gas resources within the state. It seeks to streamline the operations and enhance the administration of pooled units in order to optimize exploration and production activities. This amendment aims to deliver fair and equitable distribution of proceeds and royalties among the parties involved, ensuring maximum benefits for landowners, operators, and the state of Michigan. One of the key types of Wayne Michigan Amendment to Pooled Unit Designation is the Amendment to Pooled Unit Size. This type focuses on modifying the designated area of an existing pooled unit. It may involve enlarging or reducing the size of the unit to better align with the geological characteristics of the reservoir or to accommodate changes in well spacing regulations. The purpose of this amendment is to optimize recovery and maximize the production potential of the oil and gas reservoirs. Another type of Wayne Michigan Amendment to Pooled Unit Designation is the Amendment to Pooled Unit Participants. This variant deals with altering the entities or individuals that are part of the pooled unit. Such changes may occur due to acquisitions, divestitures, or the transfer of ownership rights. The purpose of this amendment is to ensure that all parties involved are properly informed and the unit remains economically viable and efficiently managed. Furthermore, the Wayne Michigan Amendment to Pooled Unit Designation also encompasses the Amendment to Pooled Unit Operations. This category primarily focuses on modifying the operational aspects of a pooled unit. It may involve changes in the drilling and production techniques, equipment, technology, or overall management structure. The objective of this amendment is to enhance efficiency, optimize resource recovery, and promote environmentally responsible practices. The introduction of the Wayne Michigan Amendment to Pooled Unit Designation establishes a framework for transparent and collaborative decision-making within the oil and gas industry. It provides a mechanism for participants in pooled units to modify and adapt their operations as new information becomes available, enabling a more dynamic approach to reservoir development. Through these amendments, the state of Michigan aims to ensure the long-term sustainability and viability of oil and gas operations while safeguarding the interests of all stakeholders involved.
