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Alberta Pooling and Participation Agreement
Prepare a Pooling and Participation Agreement for oil and gas properties in Alberta with this template form.
- The Agreement is between various parties who want to pool their interests in the oil and gas properties, and appoint an operator over the operations.
- Operations on the pooled lands will be conducted without regard to boundaries of the title documents, and as if the pooled lands were covered by a single petroleum and natural gas lease.
- Each party holds its title documents in trust for the other parties, insofar as they relate to the pooled lands.
- Production revenue and expenses are allocated among the parties according to their respective pooled interest.
- The operator, on behalf of the parties, will spud a joint well and will continuously drill, log and test, and either complete, cap or abandon the joint well in accordance with the agreement.
- The agreement will stay in effect as long as one or more wells is capable of producing.
Download: Alberta Pooling and Participation Agreement
Related Forms:
- Alberta C.O. and O. Assignment re Operation of Oil & Gas Properties
- Alberta Joint Operating Agreement
- Alberta Pooling and Joint Operating Agreement
- Alberta Working Interest Clarification Agreement
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