Pooling Clause Question
Mr. Cotton,
Regarding an oil and gas lease offer with several signed and unsigned interest owners of two tracts. (Community lease!?) Tract (1) 110 acres, Tract (2) 40 acres, Cass County, Texas
Can landman/lessee pool individual (signed majority and unsigned few) interest owners into a Pooling Clause?
Is there (A) pooling of interest owners in the property to be pooled as well as (B) pooling of separate property owned by others? Is there a likelihood of interest owners split into signed and unsigned property divisions and then pooled?
Will it be necessary to have an amendment in my lease agreement to (A) prevent landman/lessee pooling by agreement of majority interest owners in the property to be pooled or (B) to prevent pooling of my owner interest? If so, what amendments should be included? Thank you in advance for reply.
D. Alexander