43 C.F.R. § 3137.41

Current through November 30, 2024

Section 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.

43 C.F.R. §3137.41

67 FR 17886 , Apr. 11, 2002, as amended at 73 FR 6444 , Feb. 4, 2008