Pooling Clause
Term · Environment · MLC-T-ENV-021594
In oil and gas leases, a pooling clause, allows the production company to consolidate and combine leased tracts. Pooling may be either voluntary or compulsory depending on state laws.
| Identifier | MLC-T-ENV-021594 |
|---|---|
| Field | Environment |
| References | EPA EV-Social & Economic Factors-Economic Factors |
Record as JSON
{
"id": "MLC-T-ENV-021594",
"term": "Pooling Clause",
"field": "Environment",
"definition": "In oil and gas leases, a pooling clause, allows the production company to consolidate and combine leased tracts. Pooling may be either voluntary or compulsory depending on state laws.",
"references": [
"EPA EV-Social & Economic Factors-Economic Factors"
],
"url": "https://mlchart.com/terminology/environment/pooling-clause/"
}
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