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Unitization is the agreement to jointly operate an entire producing reservoir or a prospectively productive area of oil and/or gas. The entire unit area is operated as a single entity, without regard to lease boundaries, and allows for the maximum recovery of production from the reservoir.

Pooling is the combination of all or portions of multiple oil and gas leases to form a unit for the drilling of a single oil and/or gas well. The unit is generally one or a combination of government survey quarter-quarter sections.

A pooling clause expands the granting clause by giving a lessee the authority to determine whether to pool. This authority, however, is not unfettered. Many disputes have arisen through the years as to whether a lessee has properly exercised his discretion and authority under a pooling clause.

Pooling refers to joining together enough acreage to allow issuance of a drilling permit for a single well. Unitization refers to joining together large areas such as an entire reservoir or field to optimize operations, introduce efficiencies, and reduce costs. Both pooling and unitization can be voluntary or forced.

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 according to the percentage of the acreage of each tract divided by the total acreage of the drilling unit.

In general terms, the Pugh Clause provides that production from a unitized or pooled area located on or including a portion of the leased lands will not be sufficient to extend the primary term for the entire leasehold.

It also records a "Declaration of Pooling" or similarly named document in the land records office at the local Courthouse. The declaration shows the boundaries of the pooling unit and identifies all the landowners and amount of property each landowner actually has in the unit.

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Exxon Mobil Corporation, stylized as ExxonMobil, is an American multinational oil and gas corporation headquartered in Irving, Texas. Lowing descripted property as set forth in the Final Summary Judgment of Foreclosure, to wit: CONDOMINIUM UNIT 5307,.PINEHURST CLUB CONDO-. Can I sign up for overdraft protection? Resource units or benefits from these systems (Blomquist and Ostrom, 1985). 5.1.2 Start-up of Phosphate-Based Corrosion Inhibitors . Such as quantity of units, total square footage, target population, etc.

Clark Nevada Dissolution of Pooled Unit (By Unit Owners)

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What is a unitization agreement?

What does pooling mean in oil and gas?

What does a good faith pooling clause allow a lessee?

What is the difference between pooling and unitization?

What is a pooling clause in oil and gas lease?

What is a Pugh clause?

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