43 CFR 3137.10 - What benefits do I receive for entering into a unit agreement?

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§ 3137.10 What benefits do I receive for entering into a unit agreement?
(a) Each individual tract committed to the unit agreement meets its full performance obligation if one or more tracts in the unit meets the development or production requirements;
(b) Production from a well that meets the productivity criteria (see§ 3137.82 of this subpart) under the unit agreement extends the term of all NPR-A leases committed to the unit agreement as provided in § 3137.111 of this subpart;
(c) You may drill within the unit without regard to certain lease restrictions, such as lease boundaries within the unit and spacing offsets; and
(d) You may consolidate operations and permitting and reporting requirements.

Title 43 published on 2014-10-01

no entries appear in the Federal Register after this date.

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