Picture of Alberta Pooling and Participation Agreement Picture of Alberta Pooling and Participation Agreement Picture of Alberta Pooling and Participation Agreement Picture of Alberta Pooling and Participation Agreement Picture of Alberta Pooling and Participation Agreement

Alberta Pooling and Participation Agreement

Prepare a Pooling and Participation Agreement with this contract form covering Alberta oil and gas properties.

  • Parties. The Agreement is between several parties who want to pool their interests and appoint an operator over the properties.
  • Pooling. 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.
  • Title Held in Trust. Each party holds its title documents in trust for the other parties, insofar as they relate to the pooled lands.
  • Allocation of Revenues and Costs. Production revenue and expenses are allocated among the parties according to their respective pooled interest.
  • Joint Well. 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.
  • Term of Agreement. The agreement will stay in effect as long as one or more wells is capable of producing.
  • Governing Laws. This Pooling and Participation Agreement template is intended for use within the Province of Alberta, Canada.
Document Type: Microsoft Word
Last Updated: 03-December-2024
SKU: 708
$29.99
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Picture of Alberta Pooling and Farmout Agreement

Alberta Pooling and Farmout Agreement

Prepare a Pooling and Farmout Agreement to pool several interests in Alberta oil and gas properties with this downloadable contract template.

  • The agreement deals with ownership, operation, development of and production of petroleum substances from the pooled lands.
  • Operations on the pooled lands will be conducted without regard to boundaries of the title documents, 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 to the parties according to their respective pooled interest.
  • The pooling arrangement will terminate if the farmee fails to earn its earned interest.
  • The farmee will spud the test well at its sole cost and risk, and will then continue drilling to the contract depth, log and test, and either complete or cap or abandon the well in accordance with the agreement and the Regulations.
  • Provisions for drilling a substitute well if serious difficulties are encountered and the first well is abandoned.
  • The CAPL Operating Procedure will govern.
  • This Alberta Pooling and Farmout Agreement can be easily edited to fit your circumstances.
$29.99
Picture of Alberta Pooling and Joint Operating Agreement

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.
$17.99