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Delete Circle into the Pooling Agreement

Delete Circle into the Pooling Agreement

Aug 6th, 2022

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What is the rule of non apportionment?

Non-Apportionment Rule. The rule-followed in the majority of states-that royalties accruing under a lease on property that has been subdivided after the lease grant are not to be shared by the owners of the various subdivisions but belong exclusively to the owner of the subdivision where the producing well is located.

Why do people enter pooling arrangements?

Pooling arrangements are used by ship owners to optimize a return on their vessels by grouping them with similar ships to create a fleet with increased availability and revenue.

What do you mean by pooling agreement?

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.

What is a Pugh clause in an oil and gas lease?

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.

What is cost pool agreement?

The Cost Pooling Agreement (intra-group) is a Swiss-law governed standard agreement for the pooling and re-allocation of costs incurred by multiple legal entities within a group of companies.

What is a pooling agreement oil and gas?

Pooling, in the oil and gas industry, means placing separately owned mineral interests or leasehold interests into a single entity with enough acreage to receive a drilling permit under the relevant state or local regulations.

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