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What is forced pooling in Oklahoma?

What is force pooling? The Oklahoma statutes authorize the Corporation Commission to create drilling and spacing units, and if necessary, to pool the interests of the owners therein to prevent waste and to protect the correlative rights of the interested parties.

What does forced pooling mean?

Compulsory pooling, also known as forced, statutory or mandatory pooling, forces landownerswho do not wish the mineral resources underneath their land to be extractedto become part of a drilling unit.

What is an entireties clause?

A clause in an oil gas lease that provides that if the leased land is later owned by separate parties, such as in a sale of part of the property, the lessee can continue to operate, develop, and treat the lease as a whole and pay royalties to each owner based on its percentage of ownership of the entire area.

What is a shut in royalty clause?

A shut-in clause (or shut-in royalty clause) traditionally allows the lessee to maintain the lease by making shut-in payments on a well capable of producing oil or gas in paying quantities where the oil or gas cannot be marketed, whether due to a lack of pipeline connection or otherwise.

What is non apportionment?

Non-apportioned Vehicle means a motor Vehicle used for commercial purposes for which registration under the International Registration Plan is optional or which is ineligible for registration under the International Registration Plan.

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