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Virgin Islands
Designation of Pooled Unit and Declaration of Pooling For Oil Or Gas

Virgin Islands Designation of Pooled Unit and Declaration of Pooling For Oil Or Gas

Category:

Oil Gas and Minerals - Pooling and Unitization

State:

Multi-State

Control #:

US-OG-379

Format:

Instant download

Description

This Designation is executed by the Operator and Working Interest Owners and filed of record for the purpose of evidencing their election to exercise the pooling authority granted to the lessees in the Leases, to give notice of the Unit being established, and to identify and describe the lands included in the Unit.

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FAQ

Pooling Order. ? A statement that the applicant made an attempt. to locate and come to agreement with all the owners in the pooled unit. ? That the applicant has the right to drill. ? The spacing order number, legal description, and. Forced Pooling in Oklahoma oklahoma.gov ? the-pooling-process-in-oklahoma oklahoma.gov ? the-pooling-process-in-oklahoma

Lessee, at its option, is hereby given the right to pool or combine the leased premises or any portion thereof as to oil and gas, or either of them with any other land, lease or leases in the immediate vicinity thereof to the extent hereinafter stipulated, when it is necessary or advisable to do so in order to properly ... Pooling Sample Clauses - Law Insider lawinsider.com ? clause ? pooling lawinsider.com ? clause ? 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. POOLING OF PROPERTIES FOR OIL AND GAS PRODUCTION michigan.gov ? egle ? Reports ? OGMD ? 2... michigan.gov ? egle ? Reports ? OGMD ? 2...

?Pool? means an underground reservoir containing a common accumulation of petroleum or natural gas or both and includes each zone of a general structure which is completely separated from any other zone in the structure. Pool | Oil and Gas Drilling Glossary | IADCLexicon.org iadclexicon.org ? pool iadclexicon.org ? pool

Also known as compulsory drilling, compulsory pooling, mandatory pooling & unitization or statutory drilling laws, these laws allow for oil & gas drilling in a large area even if some of the mineral owners have not consented or signed leases. Forced Pooling - Earthworks earthworks.org ? issues ? forced_pooling earthworks.org ? issues ? forced_pooling

A pooling agreement is a type of contract in which shareholders of a corporation create a voting trust by pooling their voting rights and transferring them to a trustee. This is also called a voting agreement or shareholder-control agreement since it is used to control the affairs of the corporation. Pooling Agreement: Everything You Need to Know - UpCounsel upcounsel.com ? pooling-agreement upcounsel.com ? pooling-agreement