Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

pooling

Read a random definition: distraction doctrine

A quick definition of pooling:

Pooling: When people who own small pieces of land or parts of a natural resource like oil or gas come together to combine their resources in order to drill a well. This is usually done to meet regulations about how far apart wells can be. Sometimes, pooling is done because a regulatory agency orders it, and other times it is done voluntarily by the owners of the resources.

A more thorough explanation:

Definition: Pooling is the process of bringing together small pieces of land or mineral interests to drill an oil or gas well. This is usually done to meet regulations for well-spacing. There are three types of pooling: voluntary, compulsory, and forced.

  • Voluntary pooling: This is when the owners of mineral interests agree to pool their resources to drill a well. For example, if two neighboring landowners each own a small fraction of mineral rights over a producing reservoir, they may agree to pool their interests to drill a well together.
  • Compulsory pooling: This is when a regulatory agency orders the pooling of mineral interests. For example, if a company wants to drill a well but cannot obtain enough land or mineral rights to meet well-spacing regulations, they may petition a regulatory agency to order compulsory pooling.
  • Forced pooling: This is another term for compulsory pooling.

These examples illustrate how pooling can help companies and landowners work together to extract oil and gas resources more efficiently. By pooling their resources, they can meet regulatory requirements and increase their chances of success in drilling a well.

pool | pooling agreement

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
LSD+ is ad-free, with DMs, discounts, case briefs & more.