Colorado Pooling Agreements & Forced Pooling
Pooling Types and Related Issues
Pooling consolidates leased land with adjoining leased tracts and defines
the allocation of costs and revenues amongst all parties concerned. While
you benefit from combining all landowners' leases into one pool and
using one common underground reservoir, it is vital the pooling agreement
be drawn up correctly to protect you from potential liabilities. Types
of pooled units include voluntary pooled units, forced pooled units, drilling
units, proration units, fieldwide/enhanced recovery units and unique units
detailed in lease agreements. A
Colorado oil and gas lawyer can help you understand your options and address the particulars necessary
to protect your operation and your company.
At Feldmann Nagel Cantafio PLLC, we have extensive experience addressing pooling
agreements and forced pooling actions, which can occur when you satisfy
certain lease requirements per state law. Our firm can take care of the
pooling order request and submission of required information, any necessary
promotion of the hearing, mandatory notification of owners and represent
you at the hearing. We will energetically pursue the best outcome regarding
the cost formula ordered for the sharing of costs and revenues.
Colorado Oil and Gas Law Attorney
Our legal team can also advise as to how different types of pooling can
affect the way leases are interpreted and applied and battle relentlessly
for clauses which protect your rights and your project. Our firm is peer
rated under the Martindale-Hubbell Peer Review Rating System and has also
been named as Super Lawyers by Super Lawyer Magazine. Our attorneys recognize
that each case is unique and work hard to deliver legal solutions to clients
of all sizes with an interest in gas and oil industry operations.
For help with pooling agreements and matters of forced pooling,
contact a Colorado oil and gas lawyer
.