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What is pooling in oil and gas?

Pooling is the combination of all or portions of multiple oil and gas leases to form a unit for the drilling of a single oil and/or gas well.

What does Pugh clause mean?

Defining the Pugh Clause A Pugh Clause is meant to prevent a lessee from declaring all lands under an oil and gas lease as being held by production, even if production only occurs on a fraction of the property.

What is a pooling clause?

Pooling Clause: Joining the Leased Land with Other Land The typical OG lease allows the lessee to join or pool various adjacent tracts of land together to form a larger pooled unit on which it can operate.

What is a pooling order?

Order pooling means combining several different customers orders on the same standard manufacturing panel. Order pooling or pooling is probably the most common name but the process is also called order combination, panel sharing, multi-panels

What is a depth clause?

This clause will release specific formations or deep rights on lands covered by the lease back to you after the primary term of your oil and gas lease has expired.

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