This form is used to promote conservation, increase the ultimate recovery of Unitized Substances of the specified lands and to protect the rights of the owners, it is deemed necessary and desirable to enter this Agreement, in conformity with (Applicable State Statute), to unitize the oil and gas rights in the Unitized Formation in order to conduct Unit operations for the conservation and utilization of Unitized Substances as provided in this Agreement.
New Hampshire Unitization Agreement
State:
Multi-State
Control #:
US-OG-776
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Unitization Agreement?
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FAQ
Petition for Certification ? New Bargaining Unit must be filed with the PELRB describing the proposed bargaining unit. Authorization Cards, signed by at least 30% of the employees in the proposed bargaining unit, must be filed as well.
A bargaining unit is a group of employees who have a clear and identifiable community of interests with one another. Additionally, a bargaining unit is represented by a single labor union in dealings with management such as collective bargaining.
There are several types of collective bargaining, including composite concessionary, distributive, integrative, and productivity bargaining.
?Unitization? means the combining or consolidation of separately owned lease interests for joint exploration or development of a reservoir or potential hydrocarbon accumulation under the terms of a Unit Agreement.
Collective bargaining is a process through which the union and employer exchange proposals, share ideas, mutually solve problems, and reach a written agreement. Most times, bargaining occurs when an existing contract is going to expire.