43 CFR 3285.2 - When may BLM approve a voluntary termination of a unit agreement?
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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
(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:
Title 43 published on 2014-10-01
no entries appear in the Federal Register after this date.