What if I’m force-pooled?
- Operator must have >50% interest
- Alabama State Oil and Gas Board (OGB) hearing scheduled for force-pooling with or without risk compensation.
- Risk compensation – bona-fide attempt to negotiate. Operator can recoup 150% of
drilling and completion costs if granted by
- 3/16 royalty paid while risk compensation is in effect.
- At payout, lessor backs-in for the interest that his/her acreage bears to the
total drilling unit and shares revenues and
expenses on a pro-rata basis.