What is pooling, the pros and cons please?
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Different states have different rules.
In OK, the forced poolings are generally cost free already (in my experience) unless the pooling language changes the terms. The options given at pooling are supposed to be the highest royalty/bonus pairs offered by the operator in the section of interest and the surrounding contiguous sections within the last year. It is a good alternative if you cannot get a good fair lease with the operator or other working interest owners.
0_The Pooling Process in Oklahoma.pdf (340.4 KB)
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Thank you. That helps a lot. I am trying to learn as much as I can, by asking questions and reading information I can find.
Keep in mind that there are very short time limits to make a pooling order election. Best practice is to file your election with the OCC and land records.
This post is not legal, tax or investment advice. Reading or responding to this post does not create an attorney/client relationship.
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