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Amendment to Unit Designation to include Additional Lands and Leases...

Dallas Texas Amendment to Unit Designation to include Additional Lands and Leases in A Unit

Name: Dallas Texas Amendment to Unit Designation to include Additional Lands and Leases in A Unit
Brand: US Legal Forms
Rating: 4.69 (397 reviews)

Category:

Oil Gas and Minerals - Amendments

State:

Multi-State

County:

Dallas

Control #:

US-OG-580

Format:

Instant download

Description

This is an Amendment to a Unit Designation (to include Additional Lands and Leases in a Unit).

How to fill out Dallas Texas Amendment To Unit Designation To Include Additional Lands And Leases In A Unit?

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FAQ

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.

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.

in clause (or shutin royalty clause) traditionally allows the lessee to maintain the lease by making shutin payments on a well capable of producing oil or gas in paying quantities where the oil or gas cannot be marketed, whether due to a lack of pipeline connection or otherwise.

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.

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.

In general terms, the Pugh Clause provides that production from a unitized or pooled area located on or including a portion of the leased lands will not be sufficient to extend the primary term for the entire leasehold.

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.

The Pugh Clause is named for a Louisiana attorney, Lawrence Pugh, who took on Shell Oil in 1947 on behalf of a lessor. The Louisiana Supreme Court sided with Shell Oil, and Pugh determined that the only way to prevent something similar from happening again was with a special clause in the lease contract.

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Township of Wayne (D. Once these values are certified, the Appraisal District provides that information to the local taxing units.Unit, and it did not cause the unit to terminate because it was a pooling of the lands, not just leases. Build your own unit. Use our configurator to design the dental care unit of your dreams. All mics marked Rev B must use Tesira firmware 4.2. SiteLink is cloud-based so you can do business from anywhere. No information is available for this page. Or, if the student is not completing the specification in this series, withdraw the unit entries you have made.

Dallas Texas Amendment to Unit Designation to include Additional Lands and Leases in A Unit

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How to fill out Dallas Texas Amendment To Unit Designation To Include Additional Lands And Leases In A Unit?

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FAQ

What is a pooled unit?

What is a unitization agreement?

What is a shut in clause?

Does Texas have forced pooling?

What is the difference between pooling and unitization?

What is a Pugh clause?

What is a declaration of pooled unit?

Why is it called a Pugh clause?

Interesting Questions

What is the Dallas Amendment to Unit Designation to include Additional Lands and Leases in A Unit?

Why was the Dallas Amendment necessary?

What are the benefits of implementing the Dallas Amendment?

Who is responsible for proposing and implementing the Dallas Amendment?

How does the Dallas Amendment impact existing unit holders?

Can existing unit holders object to the Dallas Amendment?

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