43 CFR 3137.41 - What continuing development obligations must I define in a unit agreement?

Regulations last checked for updates: Nov 22, 2024

Title 43 - Public Lands: Interior last revised: Sep 06, 2024

View all text of Subpart 3137 [§ 3137.5 - § 3137.150]

§ 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]

authority: 42 U.S.C. 6508,43.S.C. 1733 and 1740

source: 46 FR 55497, Nov. 9, 1981, unless otherwise noted.

cite as: 43 CFR 3137.41