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BEFORE THE NEW MEXICO OIL CONSERVATION DIVISION
RO
application OF ELM RIDGE RESOURCES,
INC. FOR COMPULSORY POOLING, SAN
JUAN COUNTY, NEW MEXICO. V.
1^3 7Sf\” No.APPLICATION^Pursuant t o D i v i
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How to fill out compulsory pooling of oil
How to fill out compulsory pooling of oil
01
Obtain a copy of the compulsory pooling order from the regulatory agency overseeing oil and gas operations in your area.
02
Review the order carefully to understand the terms and conditions of the pooling agreement.
03
Determine the required information needed to fill out the pooling form, such as lease numbers, legal descriptions of the land, and specific well information.
04
Complete the pooling form accurately and truthfully, making sure to provide all the necessary information requested.
05
Submit the filled out pooling form to the appropriate regulatory agency within the specified deadline to avoid penalties or delays in oil production.
Who needs compulsory pooling of oil?
01
Oil and gas companies operating in areas where multiple mineral rights owners own interests in the same oil and gas reservoir.
02
Landowners who have mineral rights but do not have the means or expertise to develop their resources independently may also benefit from compulsory pooling of oil.
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What is compulsory pooling of oil?
Compulsory pooling of oil is a method used to combine multiple mineral interests in a specific area in order to efficiently extract oil and gas.
Who is required to file compulsory pooling of oil?
Operators or owners of oil and gas wells are required to file compulsory pooling of oil.
How to fill out compulsory pooling of oil?
Compulsory pooling of oil must be filled out according to the guidelines set by the regulatory authority in charge.
What is the purpose of compulsory pooling of oil?
The purpose of compulsory pooling of oil is to prevent waste, maximize oil and gas recovery, and protect the correlative rights of all parties involved.
What information must be reported on compulsory pooling of oil?
Information such as the location of the wells, the participating owners, the percentage of interest each owner has, and the terms of the pooling agreement must be reported on compulsory pooling of oil.
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