In some jurisdictions (including Texas) an overriding royalty interest owners interest cannot be pooled without the overriding royalty owners consent. This form provides for the overriding royalty interest owner to ratify an existing pooling or unitization to allow the overriding royalty interest to participate in production
New Hampshire Ratification and Consent to Pooling and/or Unitization by Overriding Royalty Interest Owner is a legal document that allows the owner of an overriding royalty interest in oil and gas leases to grant their consent and ratify the pooling and/or unitization of their interest with other leasehold owners. This document is relevant in the context of oil and gas exploration and production. "Ratification and Consent to Pooling and/or Unitization" is a legal mechanism that allows multiple leasehold owners to combine their interests into a larger, consolidated unit. Pooling refers to the combining of adjacent oil and gas leases into a single tract of land, while unitization refers to the consolidation of multiple leases, typically from different owners, into a coordinated development plan. The New Hampshire Ratification and Consent to Pooling and/or Unitization is essential for an overriding royalty interest owner to participate in the pooled or unitized operations. An overriding royalty interest is a portion of the revenue generated from the production of oil and gas that is granted to someone with a percentage interest in the lease, independent of the leasehold ownership. By ratifying and consenting to pooling and/or unitization, the overriding royalty interest owner agrees to merge their interest with others, applying their royalty interest proportionally to the overall production. There might be different types of New Hampshire Ratification and Consent to Pooling and/or Unitization by Overriding Royalty Interest Owner, depending on specific terms and conditions tailored for different situations. These may include: 1. Ratification and Consent to Pooling: This type of agreement focuses on the combination of leasehold interests into a single unit. It outlines how the royalty interest will be calculated and distributed among the pooled interest owners. 2. Ratification and Consent to Unitization: This agreement pertains to the coordination and consolidation of leasehold interests from multiple owners, potentially across various leases and properties. It specifies the terms of cooperation, the allocation of costs, and the distribution of overriding royalty interests among the unitized interest owners. 3. Ratification and Consent to Pooling and Unitization: This type of agreement combines both pooling and unitization. It addresses the merging of leasehold interests from different owners into one unit, as well as the pooled development and allocation of overriding royalty interests. It's important to note that the actual names of the New Hampshire Ratification and Consent to Pooling and/or Unitization by Overriding Royalty Interest Owner may vary depending on the specific legal documents drafted by the parties involved or the legal counsel representing them.
