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 New Hampshire Amendment to Pooled Unit Designation refers to the process of modifying or updating the designated pooled unit for oil and gas extraction in the state of New Hampshire. This amendment involves changes made to the existing pooled unit designation to optimize oil and gas production and ensure compliance with state regulations. Keywords: New Hampshire, Amendment, Pooled Unit Designation, oil and gas extraction, modification, updating, designated, optimize, production, compliance, state regulations. Different types of New Hampshire Amendment to Pooled Unit Designation: 1. Expansion Amendment: This type of amendment involves expanding the boundaries of the existing pooled unit to include additional leasehold interests or oil and gas reserves. The expansion may be necessary to increase production potential or accommodate new drilling operations. 2. Consolidation Amendment: In some cases, multiple smaller pooled units may be consolidated into a larger pooled unit. This amendment is aimed at streamlining operations, reducing costs, and maximizing overall production efficiency. 3. Redesignation Amendment: A redesignation amendment occurs when changes need to be made to the boundaries, spacing, or pooling configuration within an existing pooled unit. This amendment may be necessary due to changes in reservoir characterization or to optimize the recovery of oil and gas resources. 4. Decommissioning Amendment: When a particular oil or gas field no longer produces economically viable amounts of hydrocarbons, a decommissioning amendment may be filed to remove the pooled unit designation. This allows operators to cease operations and minimize ongoing expenses. 5. Unitization Amendment: Unitization amendments involve the pooling of interests across multiple leases or operators to create a unified pooled unit. This amendment is utilized to enhance production efficiency, encourage orderly development, and prevent waste of oil and gas resources. 6. Extension Amendment: An extension amendment is filed when there is a need to extend the duration of an existing pooled unit beyond its original expiration date. This amendment ensures continued operations and enables further extraction from the identified oil and gas reserves within the pooled unit. In conclusion, the New Hampshire Amendment to Pooled Unit Designation encompasses various modifications made to the designated pooled unit for oil and gas extraction. These amendments are crucial for optimizing production, complying with state regulations, and adapting to changing industry dynamics. The different types of amendments include expansion, consolidation, redesignation, decommissioning, unitization, and extension amendments.
