Right to Pool Sample Clauses
The Right to Pool clause grants an operator or lessee the authority to combine multiple land parcels or mineral interests into a single production unit for the purposes of resource extraction, such as oil or gas. In practice, this means that production from the pooled area is treated collectively, and royalties are distributed to landowners based on their proportional share of the pooled acreage, regardless of where the actual production occurs within the unit. This clause streamlines operations, maximizes resource recovery, and ensures fair distribution of proceeds, while also resolving potential disputes over production rights and boundaries.
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Right to Pool. Assignor has the exclusive executive right and power (as between Assignor and Assignee) to pool or unitize any Subject Interest and to alter, change, amend or terminate any pooling or unitization agreements heretofore or hereafter entered into, as to all or any part of the Subject Lands, as to any one or more of the formations or horizons, and as to any Minerals, upon such terms and provisions as Assignor shall in its sole discretion deem appropriate.
Right to Pool. Subject to the terms of the last sentence of this Section 9.02, Operating Partnership shall have the right and power, exercisable only during the period provided in Section 9.03 hereof, to pool and unitize any of the Subject Interests and to alter, change or amend or terminate any pooling or unitization agreements heretofore or hereafter entered into, as to all or any part of the land covered thereby, as to any one or more of the formations or horizons thereunder, and as to any one or more Subject Minerals, upon such terms and provisions as Operating Partnership shall in its sole discretion determine, subject in all events to the Net Profits Interests and the Overriding Royalty Interests of Pension Partnership as herein provided. If and whenever through the exercise of such right and power, or pursuant to any law hereafter enacted or any rule, regulation or order of any governmental body or official hereunder promulgated, any of the Subject Interests are pooled or unitized in any manner, the Net Profits Interests and the Overriding Royalty Interests insofar as they affect such Subject Interests shall also be pooled and unitized and in any such event such Net Profits Interests and Overriding Royalty Interests in such Subject Interests shall apply to and affect only the production which accrues to such Subject Interests under and by virtue of the pooling and unitization. The right and power of Operating Partnership as above provided to pool and unitize any of the Subject Interests or to alter, change or amend or terminate any pooling or unitization agreements shall in no event change or have the effect of changing the Net Profits Surface Acreage, the Net Profits Depth, the Overriding Royalty Surface Acreage or the Overriding Royalty Depth under this Net Profits Agreement, a Net Profits Interest or the Conveyance(s) contemplated hereunder.
Right to Pool. [Lessee shall have no right to pool the Leased Premises with other lands without Lessor’s prior written consent. If such consent is given, then pooling shall be subject to the following provisions:]
Right to Pool. Assignor shall have the right and power to pool or ------------- unitize any of the Leases and to alter, change, amend or terminate any pooling or unitization agreements heretofore or hereafter entered into, as to all or any part of the lands covered by the Leases, as to any one or more of the formations or horizons thereunder, and as to any Subject Minerals, upon such terms and provisions as Assignor shall in its sole discretion determine. If and whenever through the exercise of such right and power, or pursuant to any law hereafter enacted or any rule, regulation or order of any governmental body or official hereafter promulgated, any of the Leases are pooled or unitized in any manner, the Net Profits Interest, insofar as it burdens such Leases, shall also be pooled and unitized, and if a New Well is drilled on such Lease or lands pooled or unitized therewith, then in such event, the Net Profits Interest shall apply to and affect only the production that accrues to Assignor's interest in the New Well under and by virtue of pooling and unitization.