312 IAC 29-19-1 - Voluntary integration of interests
Authority: IC 14-10-2-4; IC 14-37-3
Affected: IC 14-37
Sec. 1.
(a) If at
least two (2) separately owned tracts of land are located in an area of
potential oil, gas, or coal bed methane production, the owners thereof may
agree to integrate their interests and to develop their interests in land as a
drilling unit or to unitize the production for purposes of conducting
secondary, tertiary, other enhanced recovery methods, or for shared facilities
among tracts.
(b) The part of the
production allocated to the owner or owners of interests in each tract in the
drilling unit or unitized area shall be considered as if produced from a well
drilled on that tract.
Notes
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