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 ).
Oklahoma Declaration of Pooled Unit - Long Form
State:
Multi-State
Control #:
US-OG-375
Format:
Word;
Rich Text
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How to fill out Declaration Of Pooled Unit - Long Form?
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FAQ
A Pugh Clause terminates the lease as to the portions of the land that are not included in a unit if the lessee does not conduct independent operations. Therefore, the Pugh Clause requires the lessee to develop areas of the lease that are not included in a unit. Scrutinizing the Scope of Oklahoma's Statutory Pugh Clause [Stephens ... washburnlaw.edu ? thompson-pughclause washburnlaw.edu ? thompson-pughclause
Forced pooling causes the proposed operator to search records in the county and other sources to determine all persons with the right to drill and locate them with their correct addresses. Pooling Order Information - Oklahoma.gov oklahoma.gov ? ... ? Judicial & Legal Services oklahoma.gov ? ... ? Judicial & Legal Services
In its essence, forced pooling is the taking of private property (also known as private eminent domain) that also forces the impacts of drilling onto landowners. Pooled landowners face toxic air emissions, risks of water pollution and other environmental impacts related to drilling.
The forced pooling process contains three key parts: the Notice, the Hearing and the Order. Any party that owns a right to drill within a unit can bring an application for forced pooling before the Oklahoma Corporation Commission (OCC). The Notice sets forth several pieces of valuable information.
Forced Pooling (sometimes called Statutory or Compulsory Pooling) is a legal mechanism that allows oil and gas operators to drill wells when they are unable to get 100% of the mineral interests to commit to support the drilling of a well. What is Forced Pooling? - Landgate landgate.com ? news ? what-is-forced-pooling landgate.com ? news ? what-is-forced-pooling
Forced pooling causes the proposed operator to search records in the county and other sources to determine all persons with the right to drill and locate them with their correct addresses.
A statutory pooling order will set the terms for sharing of costs and revenues from the well. The mineral owner may choose to pay in advance his or her share of costs of the well, or to have those costs deducted from his or her share of revenues.