communitization

communitization (k[schwa]-myoo-n[schwa]-t[schwa]-zay-sh[schwa]n), n. Oil & gas. The ag-gregating of small tracts sufficient for the granting of a well permit under applicable well-spacing rules; POOLING. Cf. UNITIZATION. [Cases: Mines and Minerals 92.78. C.J.S. Mines and Minerals §§ 349, 357–359, 361, 384–386.] — communitize (k[schwa]-myoo-n[schwa]-tIz), vb.

communitization Read More »