This form of declaration provides notice that the unit owner pools, unitizes, and combines the Unit Leases, including all renewals, extensions, ratifications, and amendments of the Unit Leases and the lands covered by those Leases and the mineral and/or royalty estates in the lands subject to the Leases into a unit for the exploration, development, and production of oil, gas, and associated hydrocarbons (the Unit ).
The North Carolina Declaration of Pooled Unit — Long Form is a legal document used in the oil and gas industry to establish a pooled unit for the extraction of resources from a specific area. This document consolidates the interests of multiple landowners and combines their individual holdings into a single unit for the purpose of efficient resource extraction. The North Carolina Declaration of Pooled Unit — Long Form outlines the various terms, conditions, and provisions governing the establishment of the pooled unit. It details the rights and obligations of the participating landowners, as well as the operator responsible for managing the operations within the pooled unit. Keywords: North Carolina, Declaration of Pooled Unit, Long Form, oil and gas industry, pooled unit, resource extraction, landowners, unitization, terms and conditions, operator, obligations, operations. Different types of North Carolina Declaration of Pooled Unit — Long Form may include variations specific to different regions or circumstances. Some examples include: 1. North Carolina Declaration of Pooled Unit — Long Form for Offshore Operations: This document is tailored for the establishment of pooled units in offshore oil and gas drilling activities along the North Carolina coast. It may contain additional provisions related to marine environment protection and safety protocols. 2. North Carolina Declaration of Pooled Unit — Long Form for Natural Gas Extraction: This variation of the document may address specific considerations and regulations associated with natural gas extraction from shale formations or other unconventional sources within the state. 3. North Carolina Declaration of Pooled Unit — Long Form for Private Landowners: This modified version of the document is designed for situations where private landowners come together to pool their resources for more efficient extraction. It may include provisions for revenue sharing, access rights, and other concerns unique to private landowners. 4. North Carolina Declaration of Pooled Unit — Long Form for State-Owned Lands: This type of declaration may be utilized when the pooled unit involves lands owned or leased by the state of North Carolina. It could include additional clauses related to revenue distribution, regulatory compliance, and public interest considerations. By using the relevant keywords in the description, it ensures that the content is optimized for search engines and accurately addresses the topic at hand.
