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.
Washington Exploratory Unit Agreement
State:
Multi-State
Control #:
US-OG-737
Format:
Word;
Rich Text
Instant download
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How to fill out Exploratory Unit Agreement?
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?Unit operating agreement? means an agreement, providing for the management and operation of a unit area and a unitized zone, that is entered into by working interest owners who are parties to a unit agreement with respect to that unit area and unitized zone, and includes a unit operating agreement as varied by a ...
OF His INTEREST TO A FEDERAL EXPLORATORY UNIT AGREEMENT. I. A Federal Unit Agreement is designed to promote drilling and development in an area of geologic interest. The Unit is based upon preliminary geological or geophysical work-there must be a reasonable possibility of production.
§ 3217.11 What are communitization agreements? Under communitization agreements (also called drilling agreements), operators who cannot independently develop separate tracts due to well-spacing or well development programs may cooperatively develop such tracts.
A unit agreement entails a BLM-approved agreement to cooperate in all facets of oil and gas production, without regard to lease boundaries and ownership. All unit agreements are subject to Onshore Oil and Gas Operations regulations (43 CFR Part 3160).
When you're at an oil and gas drilling site, a unit refers to the allowed region or boundary of a consolidated area where you are allowed to drill, explore and produce minerals. Oil and gas units provide options for joint operations to the operators and producers of mineral resources.