What is Statutory Pooling

Just got a notice from a law office in Wyoming that they’re going to court for statutory pooling. What exactly is that?

In general terms, it means that the operator is going to court to finish leasing by court decree. It is for folks that have not chosen to lease earlier. It keeps business moving and gets drilling on a schedule. The actual details for the pooling will be in the Wyoming Oil and Gas statutes. Pay attention to any notices because you may have a time frame in which to answer and make a selection of royalty/bonus pair. Many of us choose the higher royalty and lower bonus as it usually pays off better in the long run if there is a productive well(s).

Thank you very much. We’re getting monthly Royalties from these already.

They may be going for a new horizon that is different from the one you already have. The documents should tell you.

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