June 2014 Energy Keynote Webcast
"Pooling and Unitization in Colorado"
Presented by John Chadd of Steptoe & Johnson's Denver, Colorado office.
A crucial step in the oil and gas development process is forming the proper unit in which to drill a well. Most often, mineral interests are held in tracts that are too small to drill a well without the pooling of interests to form a properly sized unit under oil and gas commission rules.
In this Colorado focused webcast, John Chadd will discuss:
- The difference between pooling and spacing
- Ways that a drilling and spacing unit may be created
- Voluntary pooling and forced pooling
- Recent developments in unitization