Wyoming Unit Agreement and Plan of Unitization

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Multi-State
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US-OG-738
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This Agreement is entered into, between the parties subscribing, ratifying, or consenting to it. The Parties are the owners of working, royalty, or other oil and gas interests in the Unit Area subject to this Agreement.


The Mineral Leasing Act of February 25, 1920, 41 Stat. 437, as amended, 30 U.S.C., Secs. 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 a cooperative or unit plan of development or operation of all or any part of any oil or gas pool, field, or like area, for the purposes of more properly conserving the natural resources whenever determined and certified by the Secretary of the Interior of the United States, to be necessary or advisable in the public interest.


The Wyoming Unit Agreement and Plan of Unitization is a legal document that establishes the framework for the development and operation of oil and gas reservoirs in the state of Wyoming. This agreement outlines how the participating parties will work together to maximize production and efficiently manage the resources within a specific designated area. One type of Wyoming Unit Agreement and Plan of Unitization is the Voluntary Unit Agreement. In this type, operators of multiple oil and gas leases within a defined geographic area agree to combine their interests and jointly develop and operate the unitized reservoir. By pooling their resources and expertise, operators can optimize production and reduce costs. This agreement usually requires the consent of all leaseholders within the proposed unit area. Another type is the Compulsory Unit Agreement, which is enforced by the Wyoming Oil and Gas Conservation Commission (WOG CC) when voluntary agreement among operators is not attainable. The WOG CC has the authority to establish a unit area, allocate production rights, and specify drilling and operating practices to ensure the orderly development of the reservoir. This agreement is typically undertaken when it is in the best interest of the state and leaseholders to develop the reservoir in a coordinated manner. The Wyoming Unit Agreement and Plan of Unitization provides a framework for the determination of responsibilities, rights, and liabilities among participating parties. It establishes the unit area boundaries, defines the participating working interests, and outlines the allocation and distribution of costs, expenses, and proceeds from production among the leaseholders. Moreover, this agreement outlines the procedures for drilling, completing, and operating wells within the unit area, including stipulations for well spacing, location, and construction. Furthermore, it may address environmental considerations, surface access rights, administrative matters, and provisions for dispute resolution. Overall, the Wyoming Unit Agreement and Plan of Unitization serves as a critical tool to promote efficient and coordinated development of oil and gas reservoirs within the state. It protects the interests of all parties involved while ensuring the responsible and sustainable extraction of resources.

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FAQ

When an oil and gas field is unitized, the various owners of the tracts above the reservoir work together to extract the reservoir's oil and gas. The Unitization Agreement aims to protect the interests of all parties involved while also avoiding some legal pitfalls.

Since its 1889 discovery, Salt Creek field has produced more than 737 million barrels of oil from its estimated 1,680 million barrels of oil originally in place. Quealy field was the first field in the Rocky Mountain region to be discovered using seismic methods.

Wyoming Inland Rig Count is at a current level of 17.00, down from 18.00 last week and down from 23.00 one year ago. This is a change of -5.56% from last week and -26.09% from one year ago.

Conventional formations are reservoir rocks, typically sandstones or carbonates, with sufficient porosity to store hydrocarbons that have migrated upward out of source rock, typically an organic-rich, black shale, which is where the hydrocarbons were formed (kind of like a kitchen).

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).

Primary oil production is from the Upper Cretaceous Frontier Formation and Mesaverde Group, followed by the Lower Cretaceous Cloverly Formation. (The Cloverly Formation is often called the "Dakota Sandstone" by the hydrocarbon industry, which is an informal name borrowed from neighboring states.

(a) The ownership of all pore space in all strata below the surface lands and waters of this state is declared to be vested in the several owners of the surface above the strata.

The prolific Jonah, Pinedale, and Wamsutter fields are Wyoming's largest tight gas reservoirs. Shale oil is oil locked in shales and associated tight siltstones or carbonates, all of which have low permeability and porosity. Examples from Wyoming include the Niobrara Shale and Green River Formation.

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by MG Gray · 1972 · Cited by 8 — complete agreement on the allocation of unit production, com- pulsory ... the allocation prescribed in the unit plan shall be deemed to be compliance with ... by DB Hooper · 1971 · Cited by 1 — It involves the question of who may initiate the plan. Under the Statute any interested person may file an application with the Commission to unitize an area.' ...Mar 8, 2017 — The unit will not be validated if the unit operator chooses to complete ... Pursuant to unit plan regulations 43 CFR 3180, the land requested ... The unit agreement provides the plan shall be as complete and adequate as the authorized officer may determine to be necessary for timely development and ... Apr 30, 2019 — Leases are not subject to benefit by unit operations unless there are actual operations and/or production on the lease itself. Unitized drilling ... ... agreements; application for permit; contents, Wyo. Stat. § 35-11-315, see flags on ... (vi) A proposed plan of unitization applicable to the proposed unit area ... County, Wyoming, are unitized under the terms of this agreement and herein are called ... Burdens not committed to the Unit Agreement) in respect of Unitized. (i) The proponent of the plan or agreement shall submit to the Office two (2) copies of a plat showing the area to be unitized, together with such geological ... Wyoming Oil and Gas Conservation Act established the OGCC in 1951. • Primary charges. • prevention of waste. • protection of correlative rights. May 21, 2011 — ... the lands that cover the underlying geologic formation into a drilling unit. ... Privacy Policy | Terms of Use | Site Map | © 2023 Wyoming ...

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Wyoming Unit Agreement and Plan of Unitization