POOLING / PRODUCTION SHARING AGREEMENTS (PSA)

Image
closeup ground


PLEASE NOTE:
Policy Change for Pooling State Leases and Production Sharing Agreements. Please see updated Guidelines and Applications in links below.

All necessary documents must be submitted to the GLO at least thirty (30) business days prior to the applicable royalty reporting and payment deadlines, unless otherwise noted in the lease. Documents include the final, “as-drilled” plats with productive lateral lengths from FTP to LTP, and lateral lengths on State leases and/or units for sharing wells. Failure to provide documentation, reports, and payments prior to the deadline will subject you to penalties and interest.