Amendment to Pooled Unit Designation
What this document covers
The Amendment to Pooled Unit Designation is a legal form used by an operator to alter the designated size of a pooled unit for oil and gas leases. This amendment may either increase or decrease the number of acres included in the unit, which is essential for ensuring that the pooled unit aligns with operational needs and lease agreements. Unlike the original designation, this amendment updates the specific number of acres and includes a detailed plat of the amended unit.
Key parts of this document
- Operator's name and address
- Effective date of the amendment
- Details of the original designation of the pooled unit
- Amended size of the pooled unit (in acres)
- Plat depicting the amended unit
- Exhibits detailing oil and gas leases and descriptions of the lands included
When to use this document
This form should be used when an operator determines the need to change the size of an existing pooled unit based on operational results or changes to lease agreements. Situations might include adjustments in drilling plans, changes in market conditions, or the desire to pool additional lands under the same leasing terms.
Intended users of this form
- Operators managing oil and gas leases
- Landowners who are part of a pooled unit
- Legal representatives handling lease amendments
How to complete this form
- Identify the operator name and address for easy reference.
- Determine the effective date for this amendment.
- Fill in the necessary details from the original designation of the pooled unit.
- Specify the amended size of the pooled unit in acres.
- Attach a plat depicting the amended land areas as Exhibit B.
- Include all relevant exhibits that detail the leases and land descriptions.
Does this document require notarization?
Notarization is generally not required for this form. However, certain states or situations might demand it. You can complete notarization online through US Legal Forms, powered by Notarize, using a verified video call available anytime.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes
- Failing to attach the required plat or exhibits.
- Incorrectly stating the effective date of the amendment.
- Not obtaining signatures from all necessary parties if multiple interests are involved.
Benefits of completing this form online
- Convenience of accessing legal forms anytime, anywhere.
- Editable templates allow for quick adjustments before finalizing.
- Reliable forms drafted by licensed attorneys ensure legal compliance.
Legal use & context
- This form serves as an official record of changes to oil and gas lease agreements.
- Proper use can help prevent disputes related to land use and lease boundaries.
- Adhering to legal standards is critical to maintaining operational integrity in oil and gas management.
Quick recap
- The Amendment to Pooled Unit Designation is crucial for operators managing oil and gas leases.
- Always ensure accuracy in the details to avoid legal complications.
- Utilizing online forms can streamline the amendment process efficiently.
