Alberta Pooling and Participation Agreement

Prepare a Pooling and Participation Agreement for oil and gas properties in Alberta with this template form.

The Agreement is between various parties who want to pool their interests in the oil and gas properties, and appoint an operator over the operations.
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.
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 among the parties according to their respective pooled interest.
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.
The agreement will stay in effect as long as one or more wells is capable of producing.

This Alberta Pooling and Participation Agreement template is available as a downloadable and fully editable MS Word document.