43 C.F.R. § 3137.41   What continuing development obligations must I define in a unit agreement?


Title 43 - Public Lands: Interior


Title 43: Public Lands: Interior
PART 3130—OIL AND GAS LEASING: NATIONAL PETROLEUM RESERVE, ALASKA
Subpart 3137—Unitization Agreements—National Petroleum Reserve-Alaska
Development

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§ 3137.41   What continuing development obligations must I define in a unit agreement?

A unit agreement must obligate the operator to a program of exploration and development (see §3137.71) that, after completion of the initial obligations—

(a) Meets or exceeds the rate of non-unit operations in the vicinity of the unit; and

(b) Represents an investment proportionate to the size of the area covered by the unit agreement.

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