pooling, n. Oil & gas. The bringing together of small tracts of land or fractional mineral interests over a producing reservoir for the purpose of drilling an oil or gas well. • Pooling is usu. associated with collecting a large enough tract to meet well-spacing regulations.
— Also termed communitization. Cf. UNITIZATION.
compulsory pooling. Pooling done by order of a regulatory agency.
— Also termed forced pooling.
forced pooling. See compulsory pooling.
voluntary pooling. Pooling arranged by agreement of the owners of mineral interests.
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