Federal unit operating agreement
WebUnit agreement means a BLM-approved agreement to cooperate in exploring, developing, operating and sharing in production of all or part of an oil or gas pool, field or like area, including at least one NPR-A lease, without regard to lease boundaries and ownership. Unit area means all tracts committed to a BLM-approved unit. WebThe unit agreement will automatically terminate if the unit operator fails to commence any such well within the time allowed. If the first well has been completed as a dry hole, the unit may be terminated by less than __% (on a surface acreage basis) of the committed working interest owners with approval of the BLM
Federal unit operating agreement
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WebMajor Victory: AFGE, VA Agree to Roll Over Largest Union Contract in Government AFGE’s National VA Council and the Department of Veterans Affairs have reached a tentative … WebUnit operator means the person, association, partnership, corporation, or other business entity designated under a unit agreement to conduct operations on unitized land as specified in such agreement. Unit well means a well that is: ( 1) Designed to produce or utilize geothermal resources in commercial quantities;
Web5.Investment Representations.Participant acknowledges that he or she is aware that the Profits Interest Units issued to him by the Company pursuant to this Agreement have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), on the basis of certain exemptions from such registration requirement.In this connection, … WebJan 27, 2024 · Collective bargaining agreements (CBAs) are available from the Office of Labor-Management Standards (OLMS) Online Public Disclosure Room. If you have any …
WebFederal Unit Agreement Interests means the Company Sellers’ and the Company’s interests under the federal Unit Agreements and Unit Operating Agreements and all related amendments, supplements and ancillary agreements related to the Aneth Unit, the McElmo Unit and the Ratherford Unit as set forth on Exhibit F. WebUnit Agreement Files “Unitization” means the combining or consolidation of separately owned lease interests for joint exploration or development of a reservoir or potential …
WebMay 25, 2016 · It is important to understand the interplay between the unit agreement and the unit operating agreement because both agreements, taken together, constitute the unit arrangement and establish the contractual rights and obligations of the parties. ... The provisions of the Mineral Leasing Act and the regulations relating to federal units ...
WebT. J. Files, The Federal Exploratory Unit Agreement: Its Advantages and Disadvantages Insofar as the Fee Mineral Owner is Concerned, 14 WYO. L.J. 112 (1960) ... of developing and operating such lands as a single unit without regard to divided ownership in particular tracts or parcels of land." Hines, "Uniti- ,zation of Federal Lands," pp. 11 ... emily frierson aiken scWebUnit Operating Agreements, Federal Unit Operating Agreements, and Offshore Operating Agreements, which agreements also provide for the granting of liens and security interests. These operating agreements generally do not provide that the Operator grants a lien and a security interest to the Non-Operators. draft military ageWebTwo copies of the unit operating agreement are required to be filed in the proper BLM office before the unit agreement will be approved. ... See Steven B. Richardson and Lynn P. Hendrix, The Unit Operating Agreement for Federal Exploratory Units, Oil and Gas Agreements: Joint Operations, Paper 13-3 (Rocky Mt. Min. L. Fdn. 2008). Id. Id. at 13-1 emily frith ph.dWebFEDERAL SENTENCING MITIGATION EXPERTS & LEGAL TECHNICAL WRITERS Federal Sentencing Alliance headquartered in Fort … draft mill scotch distilleryWebUnitization has been defined as “the agreement to jointly operate an entire producing reservoir or prospectively productive area of oil and/or gas.”3 Unitization provides for the exploration, development, and operation of a geologically defined area by a single operator so that drilling and production may proceed in the most efficient and … draft mixon or swiftWebUnit well means a well that is: ( 1) Designed to produce or utilize geothermal resources in commercial quantities; ( 2) Drilled and completed to the bona fide geologic objective specified in the unit agreement, unless a commercial resource is found at a shallower depth; and. ( 3) Located on unitized land. Unitized land means the part of a unit ... emily frith children\\u0027s commissionerWebThe unit agreement prescribes the method of allocating production for purposes of determining royalties, overriding royalties, production payments and other non … draft minute of consent orders