1. Regulations
  2. title 43
  3. chapter II
  4. part 3130
  5. subpart 3137
  6. subjgrp 113
  7. § 3137.41

View all text of Subjgrp 113 [§ 3137.40 - § 3137.41]

§ 3137.41 - What continuing development obligations must I define in a unit agreement?

A unit agreement must provide for submission of supplemental or additional plans of development which obligate the operator to a program of exploration and development (see § 3137.71 of this subpart) that, after completion of the initial obligations —

(a) Meets or exceeds the rate of non-unit operations in the vicinity of the unit; and

(b) Represents an investment proportionate to the size of the area covered by the unit agreement.

[67 FR 17886, Apr. 11, 2002, as amended at 73 FR 6444, Feb. 4, 2008]

AUTHORITY: 42 U.S.C. 6508, 43 U.S.C. 1733 and 1740.

SOURCE: 46 FR 55497, Nov. 9, 1981, unless otherwise noted.

CITE AS: 43 CFR 3137.41