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A pooling agreement affects mineral rights by consolidating petroleum resources from multiple properties. If an oil well extracts resources from a large underground pool that extends beyond its immediate location, a pooling agreement ensures that royalties and mineral rights are shared among the affected properties. This means that if you own mineral rights, it’s important to check for any pooling agreements that may benefit you, as royalties from extraction can accrue to you even if the extraction facility is situated on a different property. For further assistance with mineral rights or real estate records, you can reach out to us at titlesearch.com.
