![]() |
Code of Federal Regulations (Last Updated: July 5, 2024) |
![]() |
Title 43 - Public Lands: Interior |
![]() |
Subtitle B - Regulations Relating to Public Lands |
![]() |
Chapter II - Bureau of Land Management, Department of the Interior |
![]() |
SubChapter C - Minerals Management (3000) |
![]() |
Part 3130 - Oil and Gas Leasing: National Petroleum Reserve, Alaska |
![]() |
Subpart 3137 - Unitization Agreements - National Petroleum Reserve-Alaska |
![]() |
General |
§ 3137.10 - What benefits do I receive for entering into a unit agreement?
Latest version.
-
§ 3137.10 What benefits do I receive for entering into a unit agreement?
(a) Each individual tract committed to the unit agreement meets its full performance obligation if one or more tracts in the unit meets the development or production requirements;
(b) Production from a well that meets the productivity criteria (see § 3137.82 of this subpart) under the unit agreement extends the term of all NPR-A leases committed to the unit agreement as provided in § 3137.111 of this subpart;
(c) You may drill within the unit without regard to certain lease restrictions, such as lease boundaries within the unit and spacing offsets; and
(d) You may consolidate operations and permitting and reporting requirements.