349.045 Voluntary pooling agreements.
135 words·~1 min read·
/ky/chapter-349/349-045A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)When two
(2)or more separately owned tracts, or portions thereof, are embraced
within a drilling unit, or when there are separately owned interests in all or part of
any such drilling unit, the operators or owners of coalbed methane owning the
interests may pool their interests for the development and operation of the drilling
unit by voluntary agreement. These agreements may be based on the exercise of
pooling rights or rights to establish units which are granted in any gas or oil lease,
coal lease, coalbed methane lease, or similar instrument.
(2)No voluntary pooling agreement between or among coalbed methane operators or
owners shall be held to violate the statutory or common law of the Commonwealth
which prohibits monopolies or acts, arrangements, contracts, combinations, or
conspiracies in restraint of trade or commerce.