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 ).
Utah Declaration of Pooled Unit - Long Form
State:
Multi-State
Control #:
US-OG-375
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Declaration Of Pooled Unit - Long Form?
It is possible to spend time on the Internet attempting to find the authorized record format that fits the federal and state specifications you need. US Legal Forms offers 1000s of authorized kinds that happen to be examined by pros. It is possible to obtain or print out the Utah Declaration of Pooled Unit - Long Form from our support.
If you have a US Legal Forms profile, it is possible to log in and click the Obtain key. Afterward, it is possible to full, change, print out, or indication the Utah Declaration of Pooled Unit - Long Form. Every single authorized record format you get is your own forever. To obtain yet another backup for any acquired kind, visit the My Forms tab and click the corresponding key.
If you are using the US Legal Forms website the very first time, adhere to the simple guidelines listed below:
- Very first, make certain you have selected the correct record format for that area/area of your liking. See the kind information to ensure you have picked out the right kind. If accessible, make use of the Review key to look throughout the record format too.
- If you want to locate yet another variation in the kind, make use of the Research area to find the format that suits you and specifications.
- Once you have identified the format you want, simply click Acquire now to continue.
- Select the rates plan you want, type in your qualifications, and sign up for your account on US Legal Forms.
- Total the transaction. You can use your bank card or PayPal profile to fund the authorized kind.
- Select the file format in the record and obtain it in your system.
- Make alterations in your record if necessary. It is possible to full, change and indication and print out Utah Declaration of Pooled Unit - Long Form.
Obtain and print out 1000s of record themes utilizing the US Legal Forms site, which provides the biggest variety of authorized kinds. Use professional and express-specific themes to take on your organization or specific requirements.
Form popularity
FAQ
When pooling occurs, tracts from two or more leases are combined or pooled for the drilling of the well. The production and operations on the pooled unit are treated as having taken place on each tract within the pooled unit. As a result, the production on the pooled unit will maintain the leases comprising the unit.
In the case of pooling, more than one tract or lease will be combined or pooled in order for the drilling of the well to take place. Operations and productions that are taken from the pooled unit have to be treated as if they are taking place on each tract within that pooled unit.
A pooling unit is designated, bringing together all the mineral rights in a specific area. As oil and gas production starts, the generated mineral interests are distributed ing to the ownership percentages and the allocation formula specified in the pooling arrangement.
Pooling is ?the bringing together of small tracts sufficient for the granting of a well permit under applicable spacing rules,? while unitization is ?the joint operation of all or some portion of a producing reservoir.?[1] While pooling and unitization are both used to prevent waste and protect correlative rights,[2] ...
Generally, a pooling clause will allow the leased premises to be combined with other lands to form a drilling unit, wherein proceeds from production anywhere on the drilling unit are allocated ing to the percentage of the acreage of each tract divided by the total acreage of the drilling unit.