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A pooling agreement affects mineral rights by consolidating the petroleum products beneath multiple properties. For instance, an oil well can access a larger pool of resources extending beyond its immediate location, which may involve several legal parcels. This agreement ensures that royalties and mineral rights from different properties are credited based on the extraction at a facility. Therefore, if you hold mineral rights on a property, it’s crucial to check for any pooling agreements that may entitle you to benefits and royalties from oil or mineral extraction, even if the facility is situated on another property. For inquiries on mineral rights or real estate records, you can contact titlesearch.com.
