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.
Connecticut Amendment to Pooled Unit Designation refers to a legal provision in the state of Connecticut that allows for modifications or changes to be made to pooled unit designations. This amendment is applicable for various scenarios in the state's legal and resource management systems. A pooled unit designation in Connecticut refers to the grouping together of multiple tracts or parcels of land for the purpose of resource extraction, such as oil or gas drilling. This designation enables efficient and effective resource management by consolidating operations and minimizing duplication. The Connecticut Amendment to Pooled Unit Designation allows for alterations to be made to these designated units based on a variety of factors. These factors can include changes in ownership, changes in technology, or changes in extraction methods. By providing a mechanism for modifying these units, the amendment ensures that resource management remains up-to-date and responsive to evolving needs and circumstances. Different types of Connecticut Amendments to Pooled Unit Designation may include: 1. Ownership Change Amendment: This type of amendment allows for modifications to be made to the pooled unit designation when there is a change in ownership of the constituent tracts or parcels of land. It ensures that the designated units accurately reflect the current owners' interests and rights. 2. Technological Advancement Amendment: With advancements in technology, extraction methods may change over time. This type of amendment allows for modifications to the pooled unit designation to accommodate new or improved techniques for resource extraction. It ensures that the designated units align with the most efficient and environmentally friendly extraction methods available. 3. Environmental Considerations Amendment: This type of amendment may be made when there are changes in the regulatory or environmental requirements governing resource extraction. It allows for modifications to the pooled unit designation to ensure compliance with updated regulations and to protect the surrounding environment. In conclusion, the Connecticut Amendment to Pooled Unit Designation is a legal provision that allows for modifications to be made to designated units for resource extraction. It ensures that the pooled unit designations remain adaptable to changes in ownership, technology, and environmental considerations. These modifications may include ownership change amendments, technological advancement amendments, and environmental considerations amendments.
