Get the free Compulsory Pooling of Oil and Gas Interests in New Mexico

STATE OF NEW MEXICO ENERGY, MINERALS AND NATURAL RESOURCES DEPARTMENT OIL CONSERVATION DIVISION IN THE MATTER OF APPLICATION FOR COMPULSORY POOLING SUBMITTED BY COG OPERATING, LLC CASE NO. 21668 ORDER

How to fill out compulsory pooling of oil

How to fill out compulsory pooling of oil

1. Research the laws and regulations in your state regarding compulsory pooling of oil.
2. Obtain the necessary forms or applications for filing compulsory pooling of oil.
3. Determine the boundaries of the oil drilling unit that you want to pool.
4. Fill out the required information on the forms including details about the oil well, property owners, and proposed terms of pooling.
5. Submit the completed forms to the appropriate regulatory agency or governing body for review and approval.
6. Await a decision on your pooling application and comply with any additional requirements or conditions set forth by the regulatory agency.

Who needs compulsory pooling of oil?

1. Oil and gas companies who want to efficiently extract oil and gas from a specific area.
2. Property owners who want to maximize the production of oil and gas from their land by pooling resources with neighboring properties.
3. Regulatory agencies who oversee oil and gas operations and enforce compliance with pooling regulations.

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What is compulsory pooling of oil?

Compulsory pooling of oil is a process in which multiple mineral owners in a drilling unit are required to combine their interests in order to facilitate the drilling and production of oil or gas.

Who is required to file compulsory pooling of oil?

Operators or companies conducting oil and gas drilling operations are typically required to file compulsory pooling of oil.

How to fill out compulsory pooling of oil?

To fill out compulsory pooling of oil, operators must gather information on the affected mineral owners, calculate each owner's share of production, and submit the necessary forms to the regulatory agency.

What is the purpose of compulsory pooling of oil?

The purpose of compulsory pooling of oil is to prevent waste, promote efficient production of oil and gas resources, and protect the rights of mineral owners.

What information must be reported on compulsory pooling of oil?

Information such as the names and interests of affected mineral owners, the location of the drilling unit, production estimates, and proposed operations must be reported on compulsory pooling of oil.