§3137.41. What continuing development obligations must I define in a unit agreement?
43 C.F.R. § 3137.41
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 —
Meets or exceeds the rate of non-unit operations in the vicinity of the unit; and
Represents an investment proportionate to the size of the area covered by the unit agreement.
Notes, amendments, and revision history
Amendments
[67 FR 17886, Apr. 11, 2002, as amended at 73 FR 6444, Feb. 4, 2008]
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.
Amendments
[67 FR 17886, Apr. 11, 2002, as amended at 73 FR 6444, Feb. 4, 2008]