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Voluntary Pooling and Unitization
Contains material from Apr 2021
Voluntary Pooling and Unitization
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Review voluntary pooling as authorized in an oil and gas lease, which provides the lessee a means to combine acreage under one lease with acreage underlying adjacent tracts. Also, explore the voluntary unitization statute in Texas under which the Railroad Commission approves field‑wide units, which may combine acreage from numerous tracts and leases for the purpose of enhanced recovery or re-pressuring operations.
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Voluntary Pooling and Unitization (Apr 2021)
Bryan D. Lauer
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Voluntary Pooling and Unitization (Apr 2021)
Review voluntary pooling as authorized in an oil and gas lease, which provides the lessee a means to combine acreage under one lease with acreage underlying adjacent tracts. Also, explore the voluntary unitization statute in Texas under which the Railroad Commission approves field‑wide units, which may combine acreage from numerous tracts and leases for the purpose of enhanced recovery or re-pressuring operations.
Originally presented: Mar 2021 Fundamentals of Oil, Gas and Mineral Law
Bryan D. Lauer,
Scott Douglass & McConnico LLP - Austin, TX