Minnesota Statutes 93.515 – Oil and Gas Wells; Rules Relating to Spacing, Pooling, and Unitization
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The commissioner of natural resources may adopt rules under chapter 14 relating to:
Terms Used In Minnesota Statutes 93.515
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(1) spacing of oil and gas wells to regulate the density of drilling to prevent unnecessary draining of the reservoir and to prevent economic waste of products from wells;
(2) pooling, which is the combining of tracts and mineral interests to form a drilling or spacing unit; and
(3) unitization, which is the acquisition of the legal right to operate a whole reservoir as though all tracts overlying the reservoir were under a single lease.