pooling clause
pooling clause. Oil & gas. A provision found in most oil-and-gas leases granting the lessee the right to combine part or all of the leased acreage with other properties for development or operation.
pooling clause. Oil & gas. A provision found in most oil-and-gas leases granting the lessee the right to combine part or all of the leased acreage with other properties for development or operation.