30 CFR 250.1300 - What is the purpose of this subpart?

Regulations last checked for updates: Oct 18, 2024

Title 30 - Mineral Resources last revised: Oct 03, 2024

View all text of Subpart M [§ 250.1300 - § 250.1304]

§ 250.1300 - What is the purpose of this subpart?

This subpart explains how Outer Continental Shelf (OCS) leases are unitized. If you are an OCS lessee, use the regulations in this subpart for both competitive reservoir and unitization situations. The purpose of joint development and unitization is to:

(a) Conserve natural resources;

(b) Prevent waste; and/or

(c) Protect correlative rights, including Federal royalty interests.

authority: 30 U.S.C. 1751,31.S.C. 9701, 33 U.S.C. 1321(j)(1)(C), 43 U.S.C. 1334.

source: 76 FR 64462, Oct. 18, 2011, unless otherwise noted.

cite as: 30 CFR 250.1300