43 C.F.R. · Public Lands: Interior
43 C.F.R. § 3137.41

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

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

§ 3137.41 What continuing development obligations must I define in a unit agreement? A unit agreement must provide for submission of supplemental or additional plans of development which obligate the operator to a program of exploration and development (see § 3137.71 of this subpart) 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. [67 FR 17886, Apr. 11, 2002, as amended at 73 FR 6444, Feb. 4, 2008] Optional Terms

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43 C.F.R. § 3137.41
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The regulatory text of 43 C.F.R. § 3137.41 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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