Code of Federal Regulations · Section

§ 3137.41 — What Continuing Development Obligations Must I Define In A Unit Agreement?

43 C.F.R. § 3137.41

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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. § 3137.40 43 C.F.R. § 3137.50

Authorizing Statute

Public information collection activities; submission to Director; approval and delegation
44 U.S.C. § 3507
Enforcement authority
43 U.S.C. § 1733
Transferred
42 U.S.C. § 6508