Declaration of Pooled Unit - Short Form
About this form
The Declaration of Pooled Unit - Short Form is a legal document executed by an operator to pool and combine multiple oil and gas leases for drilling and production purposes. This form is essential for establishing a Pooled Unit, providing legal notice of included lands, and ensuring compliance with lease agreements. This declaration differs from other oil and gas forms by specifically detailing the pooling authority granted to the lessee and formalizing the unit's establishment in a legal context.
Form components explained
- Operator's name and address.
- Effective date of the declaration.
- Description of the lands included within the pooled unit.
- Name of the Pooled Unit.
- Reference to oil and gas leases in Exhibit A.
- Execution section for the operator's signature.
When to use this form
This form is typically used when an operator intends to combine multiple oil and gas leases into a single Pooled Unit for the purpose of exploration and production. It is necessary when the operator wants to give formal notice of the lands being pooled and to comply with lease provisions that permit pooling. The Declaration can be filed when preparing for drilling operations on the specified lands or when updating any existing pooling agreements.
Who this form is for
This form is intended for:
- Oil and gas operators looking to consolidate leases.
- Lessee representatives managing production rights.
- Legal professionals drafting or reviewing pooling declarations.
Instructions for completing this form
- Identify and enter the operator's full name and address at the top of the form.
- Specify the effective date for the pooling declaration.
- Provide a detailed description of the lands being included in the pooled unit.
- Name the Pooled Unit and ensure it is consistent throughout the document.
- Reference the associated oil and gas leases in Exhibit A.
- Obtain the necessary signature from the operator, ensuring acknowledgment of the declaration.
Notarization guidance
Notarization is required for this form to take effect. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes
- Failing to include a complete and accurate description of the lands.
- Leaving out the effective date, leading to ambiguity about the pooling's legality.
- Not signing or properly acknowledging the operator's signature.
- Neglecting to file the declaration in the correct county records office.
Benefits of completing this form online
- Convenient access to easily customizable legal templates.
- Instant downloads that allow for immediate use and filing.
- Reliability through attorney-drafted content that conforms to legal standards.
- Editability to ensure the form meets your specific needs without the hassle of manual drafting.
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FAQ
Once a Pooling Order is entered, you will receive a copy of the Order, which will state your options as an owner of an interest in the unit. Typically, the Order will afford you a number of options of a cash bonus and royalty payments on production based on the fair market value of your interest.
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.
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.
Unit Agreement means any agreement for the development or operation of all or any portion of the Leased Lands with other lands as a single unit without regard to separate ownership and for the allocation of costs and benefits on a basis as defined in such agreement.
Pooling Clause: Joining the Leased Land with Other Land The area formed is called a pool or sometimes a pooled unit. Pooling permits the lessee to prevent waste by avoiding unnecessary drilling and to protect the correlative rights of the mineral owners in the common reservoir.
As noted above, while pooling focuses on efficiently combining lands for the purpose of obtaining a drilling permit to drill a single well, unitization focuses on the combination of interests covering a larger area to facilitate development of all or part of a common source of supply (i.e. a field/reservoir).
Forced Pooling (sometimes called Statutory or Compulsory Pooling) is a legal mechanism that allows oil and gas operators to drill wells when they are unable to get 100% of the mineral interests to commit to support the drilling of a well.
