Alaska Provisions That May Be Added to A Pooling Or Unit Designation In Alaska, the oil and gas industry revolves around the concept of pooling and unitization to efficiently extract resources from multiple leases or tracts. Pooling or unitization involves combining multiple leases or tracts into a single unit for more efficient exploration and production operations. Alaska has specific provisions that may be added to a pooling or unit designation to ensure fairness and maximize the economic recovery of oil and gas resources. Here are some key provisions used in Alaska: 1. Tract Participation: The tract participation provision allows for each individual lease or tract within a unit to have a specific working interest percentage based on factors such as location, size, and geological characteristics. This provision ensures equitable sharing of costs and benefits among all participating tracts. 2. Cost Recovery: The cost recovery provision allows operators to recover exploration and development expenses incurred on behalf of a unit. This provision ensures that the operator is fairly compensated for their upfront investment. 3. Pooling Requirements: Alaska has specific rules regarding minimum acreage and ownership requirements for pooling or unitization. These requirements prevent excessive fragmentation of leases and ensure a reasonable number of tracts are included in a unit. 4. Operating Agreement: An operating agreement is a crucial provision that outlines the rights, responsibilities, and obligations of all interested parties within a unit. It covers various aspects such as drilling operations, cost-sharing, royalty distribution, environmental regulations, and dispute resolution processes. 5. Unit Expansion or Reduction: This provision allows for the expansion or reduction of a unit as new leases are added or existing leases expire. It enables the adjustment of the unit boundaries to maximize operational efficiency and accommodate changing lease ownership. 6. Unitization Incentives: Alaska may offer incentives to encourage operators to participate in unitization. These incentives can include reduced royalty rates or financial incentives for enhancing oil recovery techniques. Such provisions encourage collaboration and increase the economic viability of development projects. 7. Participating Area: The participating area provision defines the geographical boundaries within which the unit operator has exclusive operating rights. This provision helps prevent interference from non-participating operators and ensures efficient development of the unit. These provisions are essential for effective pooling and unitization in Alaska's oil and gas industry. Their primary goal is to promote fair and efficient development, enhance resource recovery, minimize environmental impacts, and maximize the economic benefits for all interested parties. Other types of provisions may exist depending on the specific circumstances and objectives of the unitization or pooling project. It is crucial to consult relevant state regulations, industry experts, and legal advisors to understand the specific provisions applicable to a particular pooling or unit designation in Alaska.
Alaska Provisions That May Be Added to A Pooling Or Unit Designation
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Advanced step placement for initial appointments must be based on the exceptional qualifications of the appointee, as demonstrated by creditable state service, and must be approved prior to the appointment. 1. Advanced step placement shall be based on creditable state service.
4) Can my boss direct me to work overtime? Yes, but any time you work over 8 hours in a single day and/or over 40 hours in a single week, your employer must pay you 1.5 times your hourly or regular wage for those extra hours over 8 and/or over 40 that you worked.
Section 23.05. 140 - Pay periods; penalty (a) An employee and employer may agree in an annual initial contract of employment to monthly pay periods when the employer shall pay the employee for all labor performed or services rendered.
Whenever the employee's job in excess of one hundred (100) miles is completed or the employee is transferred by his Employer to another job, the employee shall be paid at the rate of Fifty-Four Cents ($0.54) a mile to the point at which the employee entered the Employer's service or the next contract, together with ...
060. Payment for overtime. (a) An employer who employs employees engaged in commerce or other business, or in the production of goods or materials in the state, may not employ an employee for a workweek longer than 40 hours or for more than eight hours a day.
Access to personnel files. (a) An employer shall permit an employee or former employee to inspect and make copies of the employee's personnel file and other personnel information maintained by the employer concerning the employee under reasonable rules during regular business hours.
