Declaration of Pooling
What is Declaration of Pooling?
The original lease ownership and information is shown on the Declaration of Pooling for identification purposes. Ownership changes are updated within Southwestern Energy’s lease and royalty payment systems for any future payments. Updating the lease agreement for an ownership change is unnecessary.
Why is my name not listed on the Declaration of Pooling?
The Lease will always display the original Lessor for identification purposes, such as when listed on a Pooling document. If there is a change in ownership, it is the owner’s responsibility to supply the appropriate recorded documents. Southwestern Energy’s records can then be updated for any future payments, but the original Lease document will remain unchanged.
Cross-Unit Well
A new well may be drilled through more than one existing unit. The share of production is allocated to each owner based on the percentage that the well crosses into each unit.