Prepare a Pooling and Joint Operating Agreement
for the operation and maintenance of oil and gas properties in Alberta with this template form.
- The parties have agreed to pool and combine their working interest in the properties.
- 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 Alberta Pooling and Joint Operating Agreement
is provided in MS Word format and is fully editable.