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.
Mississippi Supplemental Declaration of Pooled Unit
State:
Multi-State
Control #:
US-OG-370
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Supplemental Declaration Of Pooled Unit?
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FAQ
Pooling is the combining of all oil and gas interests in a drilling unit. In most cases, the owners of oil and gas rights in a unit sign a lease with a developer that allows for pooling. If there is more than one developer in a unit, they voluntarily agree on a development plan.
Before they start drilling a well there's also going to be a ?declaration of a pooled unit? or a DPU. This is a document that is filed with the county that shows every oil and gas lease that's going to be in that specific unit.
Supplemental Declaration (drafted document, (blank form MC-030) ? If you have already filed paperwork with the courts and wish to add additional information to be considered at a custody hearing, you must file a Supplemental Declaration at least five court days before the hearing.
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.
? Pooling is the joinder of separately owned leases. covering different tracts of land for development as a single tract or "pool". - Pooling requires specific authorization by lessor by a. lease or a separate agreement such as declaration of unit.
Declaration of a Pooled Unit Such a document delineates what portions of the leases are included in a unit. It also places third parties on notice. ing to the terms of the leases, any production from the wells in the pooled unit must maintain underlying leases or portions if this is applicable.