§3137.130. Under what circumstances will BLM approve a voluntary termination of the unit?
43 C.F.R. § 3137.130
BLM will approve the voluntary termination of the unit at any time—
Before the unit operator discovers production sufficient to establish a participating area; and
The unit operator submits to BLM certification that at least 75 percent of the operating rights owners in the unit agreement, on a surface acreage basis, agree to the termination.
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.