43 C.F.R. § 3137.41

Current through May 31, 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