Oil and Gas Leases and Pooling: A Look Back and A Peek Ahead

Date
2012
Journal Title
Journal ISSN
Volume Title
Publisher
Texas Tech Law Review
Abstract

Provides some historical background on the development and use of the leasehold pooling clause; review interpretational issues that have impacted the clause; review the court-imposed standards of conduct on a lessee's exercise of the pooling power; and, finally, make some recommendations regarding how pooling and unitization clauses can be utilized to deal with the reality of horizontal wellbores, larger spacing units, and the to-date imperfect information regarding drainage patterns that occur after shales and other formations have been hydraulically fractured.

Description
Keywords
Historical background of oil and gas leases and pooling, Basic pooling jurisprudence, Express restrictions on the pooling power, Suggestions for the future relating to oil and gas leases and pooling, Court-imposed standards of conduct on a lessee's exercise of the pooling power, Horizontal wellbores, Hydraulically fracturing
Citation
Bruce M. Kramer, Oil and Gas Leases and Pooling: A Look Back and A Peek Ahead, 45 Tex. Tech L. Rev. 877 (2012-2013)