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
Arkansas Ratification and Consent to Pooling and/or Unitization by Overriding Royalty Interest Owner is a legal document that pertains to the process of combining multiple mineral interests in Arkansas to form a unified production unit or pool. This pooling and unitization process allows for efficient and optimal extraction of oil, gas, or other minerals from a designated tract of land. Keywords: Arkansas, ratification, consent, pooling, unitization, overriding royalty interest owner, mineral interests, production unit, pool, extraction. Types of Arkansas Ratification and Consent to Pooling and/or Unitization by Overriding Royalty Interest Owner may include: 1. Arkansas Ratification and Consent to Pooling: This form specifically pertains to the agreement of overriding royalty interest owners to combine their interests with other mineral owners to create a pooling unit. This allows for shared production and distribution of the resources from the designated area. 2. Arkansas Ratification and Consent to Unitization: This document focuses on the consent given by overriding royalty interest owners towards the unitization process. Unitization involves the formation of a single operating unit, combining multiple leases or tracts, to ensure efficient resource management and maximum recovery. 3. Arkansas Ratification and Consent to Pooling and Unitization by Overriding Royalty Interest Owner: This type of agreement covers both pooling and unitization processes. It entails the ratification and consent given by an overriding royalty interest owner to participate in the combined operation of a unified production unit, which may consist of multiple tracts or leases. In summary, Arkansas Ratification and Consent to Pooling and/or Unitization by Overriding Royalty Interest Owner documents give legal authorization for overriding royalty interest owners to participate in the pooling and/or unitization of mineral interests in Arkansas, ensuring optimal resource extraction and distribution.
