Dallas Texas Supplemental Declaration of Pooled Unit

Name: Dallas Texas Supplemental Declaration of Pooled Unit
Brand: US Legal Forms
Rating: 4.55 (381 reviews)

Category:

Oil Gas and Minerals - Pooling and Unitization

State:

Multi-State

County:

Dallas

Control #:

US-OG-370

Format:

Instant download

Description

This declaration is used when a unit operator desires to supplement and amend a Declaration of Pooled Unit to include in the unit the oil, gas and mineral leases described in Exhibit A to this Supplement, covering lands within the confines of the Unit Area.

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A Pugh Clause is meant to prevent a lessee from declaring all lands under an oil and gas lease as being held by production, even if production only occurs on a fraction of the property.

The purpose of the unitisation agreement is to establish the unit from the two or more licence or contract areas which contain the reservoir by unitising the licensees respective interests and to provide for the development, operation and decommissioning of the unit.

Pooling refers to joining together enough acreage to allow issuance of a drilling permit for a single well. Unitization refers to joining together large areas such as an entire reservoir or field to optimize operations, introduce efficiencies, and reduce costs. Both pooling and unitization can be voluntary or forced.

Unitization is the agreement to jointly operate an entire producing reservoir or a prospectively productive area of oil and/or gas. The entire unit area is operated as a single entity, without regard to lease boundaries, and allows for the maximum recovery of production from the reservoir.

Pooling is the combination of all or portions of multiple oil and gas leases to form a unit for the drilling of a single oil and/or gas well. The unit is generally one or a combination of government survey quarter-quarter sections.

Forced Pooling in Texas - the Texas forced pooling statute is similar to the statutes of most states. The Texas Railroad Commission has authority to issue forced pooling orders. A mineral interest owner who is force pooled in Texas has essentially the same options as mineral owners in other states.

It also records a "Declaration of Pooling" or similarly named document in the land records office at the local Courthouse. The declaration shows the boundaries of the pooling unit and identifies all the landowners and amount of property each landowner actually has in the unit.

Generally, a pooling clause will allow the leased premises to be combined with other lands to form a drilling unit, wherein proceeds from production anywhere on the drilling unit are allocated according to the percentage of the acreage of each tract divided by the total acreage of the drilling unit.

A pooling clause expands the granting clause by giving a lessee the authority to determine whether to pool. This authority, however, is not unfettered. Many disputes have arisen through the years as to whether a lessee has properly exercised his discretion and authority under a pooling clause.

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Otto is a nurse in the Medical Intensive Care Unit at the University of Iowa Hospitals and Clinics. See Section III.1 of this NOFO for complete eligibility information. To supplement the Direct Mail notice (described in the Notice Program. Initial distributions from the provider relief fund prioritized making payments quickly over providing funds in a targeted manner. Current through the date of the adoption of the latest order included in the supplement. SUPPLEMENTARY INFORMATION: I. Background.

Dallas Texas Supplemental Declaration of Pooled Unit

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What is Pugh clause in oil and gas lease?

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What is the difference between pooling and unitization?

What is a unitization agreement?

What does pooling mean in oil and gas?

Does Texas have forced pooling?

What is a declaration of pooled unit?

What is a pooling clause in oil and gas lease?

What does a good faith pooling clause allow a lessee?

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