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Replace Circle from the Pooling Agreement

Replace Circle from the Pooling Agreement and eSign it in minutes

Aug 6th, 2022

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How to Replace Circle from the Pooling Agreement

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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 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.

How many acres do you need to drill for oil in Texas?

Authorization for unit size is often 40 acres for oil and 640 acres for gas: Units pooled for oil hereunder shall not substantially exceed 40 acres each in area, and units pooled for gas hereunder shall not substantially exceed in area 640 acres each plus a tolerance of 10% thereof.

How do I find the pooling and servicing agreement on the SEC website?

The Pooling and Servicing Agreement can be a stand-alone document or it can be part of another paper, usually called the Prospectus. If the securitization is public, these documents must be filed with the Securities and Exchange Commission (SEC), and will be available to the public at .sec.gov.

What is a pooling order?

Mineral owners who do not agree to lease. A statutory pooling order will set the terms for sharing of costs and revenues from the well. The mineral owner may choose to pay in advance his or her share of costs of the well, or to have those costs deducted from his or her share of revenues.

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 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 does pooling arrangement mean in insurance?

Insurance pooling is a practice wherein a group of small firms join together to secure better insurance rates and coverage plans by virtue of their increased buying power as a block. This practice is primarily used for securing health and disability insurance coverage.

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