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.
Puerto Rico Exploratory Unit Agreement
State:
Multi-State
Control #:
US-OG-737
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Puerto Rico has no proved reserves or production of fossil fuels. The Commonwealth has some renewable resources in the form of solar, wind, hydropower, and biomass, but relies primarily on imported fossil fuels to meet its energy needs. Puerto Rico consumes almost 70 times more energy than it produces.
Employee Pension Stability Account (EPSA) overview.
An exploration and production sharing agreement (EPSA) does not grant ownership rights to the companies granted an EPSA (Oil and Gas Law). State companies.
Exploration and Production Sharing Agreement The Exploration and Production Agreement (EPSA) is considered one type of various Petroleum Contracts that is recognized and implemented by many governments worldwide.