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.
The Montana Amendment to Pooled Unit Designation refers to a modification made to the pooling agreement in oil and gas leases in the state of Montana. This amendment is implemented when changes are required to the existing unitization design in order to optimize production and extraction efficiency. Keywords: Montana, Amendment, Pooled Unit Designation, pooling agreement, oil, gas, leases, modification, unitization design, production, extraction efficiency. There are different types of Montana Amendments to Pooled Unit Designation, each catering to specific circumstances and conditions. 1. Production Zone Amendment: This type of amendment focuses on modifying the designated zones within the pooled unit to include specific geographic areas where targeted production is anticipated. It allows for more precise allocation of resources and maximizes overall extraction potential. 2. Acreage Amendment: This amendment is aimed at adjusting the acreage boundaries of the already established pooled unit. It may be necessary to add or exclude certain tracts of land to better align the unit with geologic formations, reservoir properties, or neighboring units. 3. Well Spacing Amendment: This type of amendment focuses on altering the spacing requirements between individual wells within the pooled unit. It takes into account factors such as reservoir characteristics, pressure differentials, and drilling technology advancements to optimize well placement and spacing for improved overall production. 4. Participation Amendment: This amendment addresses changes in the ownership or participating interests within the pooled unit. It involves modifying the proportional allocation of costs, revenues, and rights associated with the unit among the involved parties, reflecting any changes in ownership or transfers. 5. Surface Use Amendment: This amendment is required when there is a need to modify the surface use rights associated with the pooled unit. It ensures that any changes in land usage, access routes, or environmental considerations are appropriately accounted for in the unit designation. 6. Force Pooling Amendment: This type of amendment deals with the situation where the operator seeks to force the pooling of unleashed or non-consenting mineral ownership rights within the unit. It ensures that all parties are treated fairly and that their interests are properly incorporated into the pooled unit. Overall, the Montana Amendment to Pooled Unit Designation caters to a range of considerations and modifications required to optimize oil and gas production within the state. It allows for flexibility and adaptability in response to changing conditions and improved industry practices.
