Common Contracts
3 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 – 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 – 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.
