§ 3137.40 - What initial development obligations must I define in a unit agreement?

§ 3137.40 What initial development obligations must I define in a unit agreement?

Your unit agreement must define -

(a) The number of wells you anticipate will be necessary to assess the reservoir adequately;

(b) A primary target for each well;

(c) A schedule for starting and completing drilling operations for each well; and

(d) The time between starting operations on a well to the start of operations on the next well.