This form is an agreement that is used by the Parties that are the owners of working, royalty, or other oil and gas interests in the unit area subject to this Agreement. It is pursuant to the Mineral Leasing Act of February 25, 1920, as amended, 30 U.S.C. Sec. 181 et seq., authorizes Federal lessees and their representatives to unite with each other, or jointly or separately with others, in collectively adopting and operating under a unit plan of development or operations of all or any part of any oil and gas pool, field, or like area, for the purpose of more properly conserving the natural resources whenever determined and certified by the Secretary of the Interior to be necessary or advisable in the public interest.
The Michigan Exploratory Unit Agreement is a legal agreement that pertains to the exploration and development of oil, gas, and mineral resources in the state of Michigan, United States. This agreement establishes the terms and conditions under which parties can explore and extract valuable resources from the ground, while adhering to state laws and regulations. The Michigan Exploratory Unit Agreement is primarily created to encourage the wise and responsible development of mineral resources while ensuring the protection of environmental resources, natural habitats, and public health. There are different types of Michigan Exploratory Unit Agreements, namely: 1. Oil Exploration Unit Agreement: This type of agreement is specifically designed for parties engaged in the exploration and development of oil resources within Michigan. It outlines the rights, responsibilities, and obligations of the parties involved in the exploration unit. 2. Gas Exploration Unit Agreement: Similarly, the gas exploration unit agreement focuses on the exploration and development of natural gas resources in Michigan. It governs the activities of the parties engaged in gas exploration, addressing aspects such as drilling, extraction, and land reclamation. 3. Mineral Exploration Unit Agreement: This agreement applies to the exploration and extraction of various minerals found in Michigan, such as copper, iron ore, limestone, and more. It defines the terms and conditions for the exploration and development of mineral resources, including environmental protection measures. The Michigan Exploratory Unit Agreements typically cover a range of topics, including but not limited to: a) Area of Exploration: The agreement identifies the specific geographic area to be explored and developed by the parties. It may include details such as lot numbers, acreage, and geological characteristics of the area. b) Duration: The agreement specifies the duration for which the exploration unit is valid. It may be renewable for subsequent periods subject to meeting certain obligations. c) Obligations: The agreement details the obligations and responsibilities of each party. This may include financial commitments, technical expertise, environmental compliance, and reporting requirements. d) Cost Sharing: In some cases, the agreement may outline cost-sharing arrangements, where parties agree to pool financial resources for exploration activities within the unit. e) Royalties and Revenue Sharing: The agreement may address the distribution of royalties and revenues among the participating parties, landowners, and government bodies. f) Environmental Compliance: The agreement emphasizes compliance with environmental laws and regulations concerning land, water, and air quality protection during the exploration and development stages. It is important to note that different types of Michigan Exploratory Unit Agreements may have specific clauses or considerations depending on the nature of the resource being explored. The terms of these agreements are typically negotiated between all parties involved to ensure a fair and mutually beneficial arrangement while promoting responsible resource development practices.
