43 CFR 3285.2 - When may BLM approve a voluntary termination of a unit agreement?

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§ 3285.2 When may BLM approve a voluntary termination of a unit agreement?
BLM may approve the voluntary termination of a unit agreement at any time:
(a) After receiving a signed certification agreeing to the termination from a sufficient number of the working interest owners specified in the unit agreement who together represent a majority interest in the unit agreement; and
(b)
(1) After the completion of the initial unit obligation well but before the establishment of a participating area; or
(2) After a participating area is established, upon receipt of information providing adequate assurance that:
(i) Diligent development and production of known commercial geothermal resources will occur; and
(ii) The public interest is protected.

Title 43 published on 2014-10-01

no entries appear in the Federal Register after this date.

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

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