Alberta Pooling and Joint Operating Agreement
Enter into a Pooling and Joint Operating Agreement for operating and maintaining oil and gas wells in Alberta with this customizable template.
- The parties agree to pool and combine their working interests.
- Each party has the right to build a production facility, however they must offer the other parties the right to participate and join in the construction and ownership of such facility.
- The agreement sets out an area of mutual interest comprised of petroleum and natural gas interests which lie at least 50% within a specified geographic area. If any party acquires an interest in lands within the mutual interest area, it must give the other parties an option to purchase an interest equal to their respective participating interests.
- This Pooling and Joint Operating Agreement is a Canadian legal form intended for use within the Province of Alberta.
Last Updated: 23-October-2017