                                 CODE OF VIRGINIA

 VOLUNTARY POOLING OF INTERESTS IN DRILLING UNITS; VALIDITY OF UNIT AGREEMENTS
(§ 45.2-1617)

A. If two or more separately owned tracts are embraced within a drilling unit,
or if there are separately owned interests in all or a part of any such drilling
unit, the gas or oil owners owning such interests may pool their interests for
the development and operation of the drilling unit by voluntary agreement. Such
agreement may be based on the exercise of pooling rights or rights to establish
drilling units that are granted in any gas or oil lease.

B. No voluntary pooling agreement between or among gas or oil owners shall be
held to violate the statutory or common law of the Commonwealth that prohibits
monopolies or acts, arrangements, contracts, combinations, or conspiracies in
restraint of trade or commerce.

HISTORY: 1982, c. 347, § 45.1-302; 1987, c. 452; 1989, c. 529; 1990, c. 92, §
45.1-361.18; 2021, Sp. Sess. I, c. 387.