Use this template to create a Pooling and Participation Agreement between various parties who want to pool their interests in certain oil and gas properties in the Province of Alberta, and appoint an operator over the operations. Key provisions include:

• 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.
  
• Allocation of production, revenue and expenses is allotted to 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.
  
• CAPL Operating Procedure to govern.

This is a Canadian oil and gas document in MS Word format.