§3137.50. What optional terms may I include in a unit agreement?
43 C.F.R. § 3137.50
BLM may approve the following optional terms for a unit agreement if they promote additional development or enhanced production potential—
Limiting the unit agreement to certain formations and their intervals;
Multiple unit operators (see § 3137.51 of this subpart);
Allowing modification of the unit agreement terms if less than 100 percent of the parties to the unit agreement (see § 3137.52 of this subpart) agree to the modification; or
Other terms that BLM determines will promote the greatest economic recovery of oil and gas consistent with applicable law.
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.