Change phrase in a Pooling Agreement - Online Editor

Easily change phrase in Pooling Agreement with DocHub.

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How to change phrase in the Pooling Agreement

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A pooling agreement can significantly impact your mineral rights on a property. This agreement allows for the pooling of petroleum products located beneath multiple properties, meaning that even if an oil well is directly beneath one property, it may draw from a larger underground reservoir that spans other legal parcels. As a result, royalties and mineral rights from oil or mineral extraction could be credited to multiple properties based on this arrangement. Therefore, if you hold mineral rights, it is essential to verify whether a pooling agreement exists with neighboring properties to ensure you benefit from any extraction activities. For further inquiries about mineral rights or real estate records, you can reach out to us.

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What is an underwriting pool?

A pool is a group of insurers or reinsurers through which particular types of risks (often of a substandard nature) are underwritten, with premiums, losses, and expenses shared in agreed ratios.

What is a pooling agreement?

What is a Pooling Agreement? A pooling agreement is a type of contract where corporate shareholders 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.

What is an insurance pooling agreement?

A Pooling Agreement is a contract in which a group of affiliated or associated insurance companies within a holding company system1 agree to share certain specified revenues and payment obligations.

What is pooling arrangements?

pooling arrangement means an arrangement whereby several insurance or reinsurance undertakings agree to share identified insurance risks in defined proportions. The parties insured by the members of the pooling arrangement are not themselves members of the pooling arrangement.

What is a pooling agreement for oil and gas?

If there are separate tracts within a DSU with different owners, they must arrange to share the costs and revenues associated with drilling and producing a well from that spacing unit. This is known as a pooling agreement.

What is intercompany pooling?

Intercompany pooling arrangements generally involve the establishment of a conventional quota share reinsurance agreement under which all of the pooled business is ceded to the lead entity and then retroceded back to the pool participants in ance with their stipulated shares.

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Change phrase in the Pooling Agreement