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.

This Alberta Pooling and Participation Agreement template is available as a downloadable and fully editable MS Word document.