Common Contracts
1 similar Pooling Agreement contracts
INITIAL CONSIDERATIONS – NON-CROSS CONVEYED POOLING AGREEMENTPooling Agreement • October 2nd, 2019
The purpose of this agreement is to combine land to complete a spacing unit for the drilling and production of a petroleum substance without the ownership of those rights changing in any way. Careful consideration should be given to which form of pooling would best suit your situation. The Non-Cross Conveyed pooling is often used when a Cross Conveyed Pooling should be utilized (i.e., if pooling multiple zones consider using a Cross Conveyed Pooling Agreement, and a Cross Conveyed Pooling Agreement should always be used if the pooling relates to multiple spacing units). Also, a Cross Conveyed Pooling Agreement ensures that your assets are more secure in case your pooling partner succumbs to bankruptcy. If a horizontal well is being drilled in an area with single LSD spacing, consider using a Horizontal Well Pooling Agreement. If this agreement is used to pool a freehold lease, it is recommended that a caveat be registered on the certificate of title of your pooling partner’s lease.
INITIAL CONSIDERATIONS – HORIZONTAL WELL POOLINGPooling Agreement • October 2nd, 2019
It is important to utilize the correct agreement and tailor it to the specific drilling situation. The purpose of this Horizontal Well Pooling Agreement is to obtain common working interests in a drill spacing unit for a SINGLE WELL with no conveyance.
INITIAL CONSIDERATIONS – NON-CROSS CONVEYED POOLING AGREEMENTPooling Agreement • June 12th, 2019
The purpose of this agreement is to combine land to complete a spacing unit for the drilling and production of a petroleum substance without the ownership of those rights changing in any way. Careful consideration should be given to which form of pooling would best suit your situation. The Non-Cross Conveyed pooling is often used when a Cross Conveyed Pooling should be utilized (i.e., if pooling multiple zones consider using a Cross Conveyed Pooling Agreement, and a Cross Conveyed Pooling Agreement should always be used if the pooling relates to multiple spacing units). Also, a Cross Conveyed Pooling Agreement ensures that your assets are more secure in case your pooling partner succumbs to bankruptcy. If a horizontal well is being drilled in an area with single LSD spacing, consider using a Horizontal Well Pooling Agreement. If this agreement is used to pool a freehold lease, it is recommended that a caveat be registered on the certificate of title of your pooling partner’s lease.
INITIAL CONSIDERATIONS – HORIZONTAL WELL POOLINGPooling Agreement • June 12th, 2019
It is important to utilize the correct agreement and tailor it to the specific drilling situation. The purpose of this Horizontal Well Pooling Agreement is to obtain common working interests in a drill spacing unit for a SINGLE WELL with no conveyance.
INITIAL CONSIDERATIONS – NON-CROSS CONVEYED POOLING AGREEMENTPooling Agreement • May 14th, 2019
The purpose of this agreement is to combine land to complete a spacing unit for the drilling and production of a petroleum substance without the ownership of those rights changing in any way. Careful consideration should be given to which form of pooling would best suit your situation. The Non-Cross Conveyed pooling is often used when a Cross Conveyed Pooling should be utilized (i.e., if pooling multiple zones consider using a Cross Conveyed Pooling Agreement, and a Cross Conveyed Pooling Agreement should always be used if the pooling relates to multiple spacing units). Also, a Cross Conveyed Pooling Agreement ensures that your assets are more secure in case your pooling partner succumbs to bankruptcy. If a horizontal well is being drilled in an area with single LSD spacing, consider using a Horizontal Well Pooling Agreement. If this agreement is used to pool a freehold lease, it is recommended that a caveat be registered on the certificate of title of your pooling partner’s lease.
INITIAL CONSIDERATIONS – HORIZONTAL WELL POOLINGPooling Agreement • May 14th, 2019
It is important to utilize the correct agreement and tailor it to the specific drilling situation. The purpose of this Horizontal Well Pooling Agreement is to obtain common working interests in a drill spacing unit for a SINGLE WELL with no conveyance.
