This form of declaration provides notice that the unit owner pools, unitizes, and combines the Unit Leases, including all renewals, extensions, ratifications, and amendments of the Unit Leases and the lands covered by those Leases and the mineral and/or royalty estates in the lands subject to the Leases into a unit for the exploration, development, and production of oil, gas, and associated hydrocarbons (the Unit ).
The Maricopa Arizona Declaration of Pooled Unit — Long Form is a legal document used in the state of Arizona to establish a pooled unit, which refers to the shared ownership and development of natural resources, typically oil and gas. This declaration outlines the terms and conditions for the creation and management of a pooled unit, ensuring fairness and clarity among all parties involved. The Maricopa Arizona Declaration of Pooled Unit — Long Form includes various sections that detail the rights, responsibilities, and obligations of the unit owners and operators. It outlines the specific area or location included in the pooled unit, including any identified wells, production facilities, or other assets. The document also specifies the allocation and distribution of costs, expenses, and revenues among the unit owners. Some relevant keywords associated with Maricopa Arizona Declaration of Pooled Unit — Long Form are: 1. Pooled unit: Referring to the collective ownership and management of natural resources in a specified area. 2. Unit owners: Individuals or entities who hold a share in the pooled unit and its associated resources. 3. Operators: The party responsible for the day-to-day management and operations of the pooled unit, including drilling, production, and maintenance. 4. Allocation: The process of distributing costs, expenses, and revenues among the unit owners based on their respective ownership interests. 5. Natural resources: Referring to the oil and gas reserves or other valuable substances present within the pooled unit. 6. Wells: The drilled holes used for the extraction of oil, gas, or other resources within the pooled unit. 7. Production facilities: The infrastructure or equipment required to process and extract the natural resources from the unit and prepare them for market distribution. It is essential to note that while the term "Maricopa Arizona Declaration of Pooled Unit — Long Form" is specifically mentioned, there may be various types or versions of this document tailored to different resource extraction activities, geographical locations, or legal requirements within Maricopa, Arizona. As such, it is advised to consult local legal professionals or authorities to obtain the precise form required for a particular pooled unit declaration.The Maricopa Arizona Declaration of Pooled Unit — Long Form is a legal document used in the state of Arizona to establish a pooled unit, which refers to the shared ownership and development of natural resources, typically oil and gas. This declaration outlines the terms and conditions for the creation and management of a pooled unit, ensuring fairness and clarity among all parties involved. The Maricopa Arizona Declaration of Pooled Unit — Long Form includes various sections that detail the rights, responsibilities, and obligations of the unit owners and operators. It outlines the specific area or location included in the pooled unit, including any identified wells, production facilities, or other assets. The document also specifies the allocation and distribution of costs, expenses, and revenues among the unit owners. Some relevant keywords associated with Maricopa Arizona Declaration of Pooled Unit — Long Form are: 1. Pooled unit: Referring to the collective ownership and management of natural resources in a specified area. 2. Unit owners: Individuals or entities who hold a share in the pooled unit and its associated resources. 3. Operators: The party responsible for the day-to-day management and operations of the pooled unit, including drilling, production, and maintenance. 4. Allocation: The process of distributing costs, expenses, and revenues among the unit owners based on their respective ownership interests. 5. Natural resources: Referring to the oil and gas reserves or other valuable substances present within the pooled unit. 6. Wells: The drilled holes used for the extraction of oil, gas, or other resources within the pooled unit. 7. Production facilities: The infrastructure or equipment required to process and extract the natural resources from the unit and prepare them for market distribution. It is essential to note that while the term "Maricopa Arizona Declaration of Pooled Unit — Long Form" is specifically mentioned, there may be various types or versions of this document tailored to different resource extraction activities, geographical locations, or legal requirements within Maricopa, Arizona. As such, it is advised to consult local legal professionals or authorities to obtain the precise form required for a particular pooled unit declaration.
