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Unitization ( January 2003 )
The terms "pooling" and "unitization" have tended to become words of special meaning, though the legal consequences are essentially the same, subject, of course, to the special contents of statutes which do somewhat vary the procedures and consequences of compulsory pooling from those in compulsory unitizations. But, though the legal consequences are much the same, and the case precedents largely interchangeable from one situation to the other, the physical results sought are quite different. -
Unitization--A Mathematical Formula To Calculate Redeterminations ( September 2002 )
Unitization equity redeterminations cause nightmares for those working in the upstream sector. The concept is not the problem; the process is. The typical equity redetermination process is ambiguous and contentious, often resulting in arbitration and/or litigation.
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