The Texas Designation of Unit refers to the legal process in the state of Texas that allows property owners to combine multiple properties or units into one cohesive entity. This designation grants property owners the ability to manage and sell their properties as a single unit, providing various benefits and flexibility. One type of Texas Designation of Unit is the Condominium Designation of Unit. This designation is commonly used for residential or mixed-use properties, where individual units are owned independently, while the common elements and shared amenities are jointly owned by all unit owners. The Condominium Designation of Unit is often sought after by developers and investors looking to create a community with multiple individual units. Another type of Texas Designation of Unit is the Planned Unit Development (PUD) Designation. Puds are typically larger-scale developments that incorporate a mix of residential, commercial, and recreational spaces. The PUD Designation allows developers to have more flexibility in designing and planning the development, as it often involves a comprehensive plan that includes common areas, shared amenities, and specific guidelines for property use and maintenance. In addition, the Texas Designation of Unit also extends to commercial properties, industrial complexes, and retail spaces. For commercial properties, the Designation of Unit allows property owners to combine multiple units within a single building or complex, enabling easier management and leasing of the space. Overall, the Texas Designation of Unit offers property owners the opportunity to consolidate properties into a single entity, streamlining management processes, and creating an attractive offering for prospective buyers or tenants. It provides flexibility for developers, investors, and property owners to create diverse communities, accommodate mixed-use developments, and enhance the overall value and efficiency of their real estate assets in Texas.
Texas Designation of Unit
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Every gas well drilled in such pool: a) Shall be on a drilling unit consisting of (1) one hundred sixty (160) contiguous surface acres, or (2) a governmental quarter section containing not less than one hundred forty- four (144) acres or more than one hundred seventy-six (176) acres.
?Proration unit? means the area in a pool that can be effectively and efficiently drained by one well as determined by the division or commission (see NMSA 1978, Section 70-2-17(B)) as well as the area assigned to an individual well for the purposes of allocating allowable production pursuant to a prorationing order ...
When a single oil & gas lease is signed by owners of separate contiguous tracts of land or separate interests in the same tract of land a community lease is created under Texas law. Lessees can maintain all of the leased interests by production in paying quantities on any part of the lease.
Code §3.39(a). 15 - Smith & Weaver, supra note 3, at §9.3(B). Under Statewide Rule 38, the drilling unit size for wells subject to state- wide rules is 40 acres, though special field rules may set different density requirements.
1. n. [Oil and Gas Business] The amount of acreage, determined by governmental authority that can be efficiently and economically drained by a well at a particular depth or horizon. See: communitization, pooling, unitization.
? Proration Unit = Acreage assigned to a well for the purpose of: ? Assigning allowables. ? Allocating allowable production to a well. ? A tool to allocate ? distribute/divide - production from oil and gas wells across an entire reservoir or geographic area.