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Page 1 of 21 LEASE for OIL, GAS and OTHER LIQUID 1 Form

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Page 1 of 21 LEASE for OIL, GAS and OTHER LIQUID 1 Form

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all right so we're going to talk about using pooling to extend the lease so in other words to pool land together so even though you don't literally have a oil well on the land that you're that you've leased if you can attribute some oil and gas to that give them a share from what you're producing on another property because that land is pooled together you may be able to keep that lease and as we'll see that can create all kinds of potential problems litigation etc so as a reminder pooling is when you bring land together usually for one well so you're bringing together either different small tracks or fractional interests you know four different people on a quarter of the mineral interest and you're pulling that together to drill a single well often you're getting enough together for a single drilling unit unitization by contrast that's different that's when you're taking all the wells on a

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