POOLING

pooling,n. Oil & gas. The bringing together of small tracts of land or fractional mineral interests over a producing reservoir for the purpose of drilling an oil or gas well. • Pooling is usu. associated with collecting a large enough tract to meet well-spacing regulations. — Also termed communitization. Cf. UNITIZATION.

compulsory pooling. Pooling done by order of a regulatory agency. — Also termed forced pooling.

forced pooling. See compulsory pooling.

voluntary pooling. Pooling arranged by agreement of the owners of mineral interests.

[Blacks Law 8th]