Virgin Islands Unit Agreement

State:
Multi-State
Control #:
US-OG-775
Format:
Word; 
Rich Text
Instant download

Description

In the interest of the public welfare and to promote conversation and increase the ultimate recovery of oil, gas, and associated minerals from the Unit and to protect the rights of the owners of interest in the lands included in the Unit, it is deemed necessary and desirable to enter into this Agreement, in conformity with (Applicable Statutory reference), to unitize the Oil and Gas Rights in and to the Unitized Formation in order to conduct a secondary recovery, pressure maintenance, or other recovery program as provided for in this Agreement.

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FAQ

The official name of the British territory is the Virgin Islands, and the official name of the U.S. territory is the Virgin Islands of the United States. In practice, the two island groups are almost universally referred to as the British Virgin Islands and the U.S. Virgin Islands.

The USVI consist of 4 larger islands: St. Croix, St. Thomas, St. John and Water Island, and some 50 smaller islets and cays.

The United States Virgin Islands are an unincorporated territory of the United States, meaning that only certain parts of the U.S. Constitution apply to its residents. Individuals born in the U.S. Virgin Islands are considered citizens of the United States.

Along with the other Windward Islands, St. Lucia became a federated state associated with the United Kingdom in 1967. Although it achieved independence in 1979, St. Lucia remains a member of the British Commonwealth.

The territory is composed of three large islands?St. Croix, St. John, and St. Thomas?and about 50 small islets and cays.

British Virgin Islands Tax Information Exchange Agreement (TIEA) Whereas, an Agreement between the Government of the Republic of India and Government of the British Virgin Islands for the exchange of information relating to taxes was signed at London.

US Virgins Islands: Whats the Difference? The British Virgin Islands are a British Overseas territory consisting of four larger islands (Tortola, Anegada, Virgin Gorda, and Jost Van Dyke), while the U.S. Virgin Islands are a territory of the United States consisting of three larger islands (St. Croix, St. John, and St.

The U.S. Virgin Islands consist of the main islands of Saint Croix, Saint John, and Saint Thomas and 50 other surrounding minor islands and cays. The total land area of the territory is 133.73 square miles (346.36 km2). The territory's capital is Charlotte Amalie on the island of St. Thomas.

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Virgin Islands Unit Agreement