Rhode Island Dissolution of Pooled Unit (By Unit Owners)
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FAQ
? Pooling is the joinder of separately owned leases. covering different tracts of land for development as a single tract or "pool". - Pooling requires specific authorization by lessor by a. lease or a separate agreement such as declaration of unit.
Order pooling means combining several different customers' orders on the same standard manufacturing panel. ?Order pooling? or ?pooling? is probably the most common name but the process is also called ?order combination?, ?panel sharing?, ?multi-panels? ?
Pooled Unit means a unit formed by the joining or combining of separately owned leasehold interests pursuant to the pooling clauses of the leases or any other agreement authorizing such pooling.
Pooling is the combining of all oil and gas interests in a drilling unit. In most cases, the owners of oil and gas rights in a unit sign a lease with a developer that allows for pooling. If there is more than one developer in a unit, they voluntarily agree on a development plan.
In resource management, pooling is the grouping together of resources (assets, equipment, personnel, effort, etc.) for the purposes of maximizing advantage or minimizing risk to the users. The term is used in finance, computing and equipment management.