There is more information needed. The additional needed information is a description of the unit and a description of your property in that unit and the wellbore path on the two wells drilled so far.
To all that are talking about a spacing unit and forced unit, please ignore their answer.
For review:
As with wild animals, the rule of capture with respect to oil and gas actually discourages conservation. To prevent such waste, the common law rule of capture has been modified by state conservation statutes and regulations so that individual actions otherwise allowed under a rule of capture regime are now prohibited by law. In both ownership in place (i.e. Texas) and nonownership states (i.e. Louisiana), the courts have held that oil and gas conservation statutes trump the common law ownershi…
If you have not done so, go back and read the two blogs posts that I penned earlier to set you up for this article. This blog will have to with voluntary pooled units in Texas. First, remember that in order to have a pooling transaction (that is primary production and non-MIPA) in Texas, there must be a contract. The oil and gas lease form that provides for pooling is by far the most common contract. In the pooling transaction, a cross conveyance of minerals between the owners in the po…
Best,
Buddy Cotten