§3137.10. What benefits do I receive for entering into a unit agreement?
43 C.F.R. § 3137.10
Each individual tract committed to the unit agreement meets its full performance obligation if one or more tracts in the unit meets the development or production requirements;
Production from a well that meets the productivity criteria (see § 3137.82 of this subpart) under the unit agreement extends the term of all NPR-A leases committed to the unit agreement as provided in § 3137.111 of this subpart;
You may drill within the unit without regard to certain lease restrictions, such as lease boundaries within the unit and spacing offsets; and
You may consolidate operations and permitting and reporting requirements.
Notes, amendments, and revision history
Source
Source: 67 FR 17886, Apr. 11, 2002, unless otherwise noted.
Authority
Authority: 42 U.S.C. 6508, 43 U.S.C. 1733 and 1740.
Source
Source: 46 FR 55497, Nov. 9, 1981, unless otherwise noted.