Ohio statutes allow for what types of pooling?

Ohio statutes recognize two primary types of pooling: voluntary and mandatory.

Voluntary pooling occurs when all parties involved agree to combine their interests in a specified area to maximize resource extraction or management benefits. Generally, this approach is favored as it allows stakeholders to negotiate terms and conditions that suit their specific situations, leading to more harmonious and flexible arrangements.

Mandatory pooling, on the other hand, is enacted when regulatory authorities find it necessary to ensure resource extraction efficiency and environmental protection. In situations where there are discrepancies in landownership or unleased interests, mandatory pooling enables operators to access resources that might otherwise remain untapped due to disagreements among owners. This helps maintain economic viability while balancing the interests of all parties involved.

Both types of pooling are integral to resource management in Ohio, allowing for collaborative development while ensuring legal compliance and operational efficiency.