UNIT AREA Clause Samples
POPULAR SAMPLE Copied 1 times
UNIT AREA. The following described land is hereby designated and recognized as constituting the unit area[Attach additional pages if needed.] Township , Range , N.M.P.M. Section Subdivisions Section Subdivisions Containing total acres, more or less. Counties: Exhibit "A" shows, in addition to the boundary of the unit area, the boundaries and identity of tracts and leases in said area to the extent known to the Unit Operator. Exhibit "B" attached hereto is a schedule showing to the extent known to the Unit Operator, the acreage, percentage, and kind of ownership of oil and gas interests in all lands in the unit area. However, nothing herein or in Exhibits "A" and "B" shall be construed as a representation by any party hereto as to the ownership of any interest other than such interest or interests as are shown in the Exhibits as owned by such party. Exhibits "A" and "B" shall be revised by the Unit Operator whenever changes in the unit area or in the ownership interests in the individual tracts render such revision necessary, or when requested by the Authorized Officer, hereinafter referred to as "AO", or when requested by the Commissioner of Public Lands of the State of New Mexico, hereinafter referred to as "Land Commissioner", and not less than four (4) copies of the revised Exhibits shall be filed with the proper Bureau of Land Management office, and one (1) copy thereof shall be filed with the Land Commissioner, and one (1) copy with the New Mexico Oil Conservation Division of the Energy and Minerals Department, hereinafter referred to as "Division". The above-described unit area shall, when practicable, be expanded to include therein any additional lands or shall be contracted to exclude lands whenever such expansion or contraction is deemed to be necessary or advisable to conform with the purposes of this agreement. Such expansion or contraction shall be effected in the following manner:
(a) Unit Operator, on its own motion (after preliminary concurrence by the AO), or on demand of the AO, or the Land Commissioner (after preliminary concurrence by the AO and the Land Commissioner) shall prepare a Notice of Proposed Expansion or Contraction describing the contemplated changes in the boundaries of the unit area, the reasons therefore, any plans for additional drilling, and the proposed effective date of the expansion or contraction, preferably the first day of a month subsequent to the date of notice.
(b) Said notice shall be delivered to the proper Bureau of Lan...
UNIT AREA. The area described in Article III of this Agreement.
UNIT AREA. The area described in a unit agreement as constituting the land logically subject to development under such agreement.
UNIT AREA. The following described land is hereby designated and recognized as constituting the unit area: ]Artucti another page if you need more space.) Township ▇▇▇ .▇▇▇▇▇ ▇▇▇ , ▇.▇.▇.▇. Section 01 Subdivision,. Lots 1-4. S/2N/2. & S/2 Section 02 Subdivisions: Lots 1-4, S/2N/2, & S/2 Section 03 Subdivisions: Lots 1-4, S/2N/2. & S/2 Section 10 Subdivisions: _N/2 Containing 2241.16 total acres, more or less, in County(ies)_ Lea New Mexico Exhibit "A" attached hereto is a map showing the unit area and the boundaries and identity oftracts and leases in said area to the extent known to the unit operator. Exhibit "B" attached hereto is a schedule showing to the extent known to the unit operator the acreage, percentage and kind ofownership ofoil and gas interests in all lands in the unit area. However, nothing herein or in said schedule or map shall be construed as a representation by any party hereto as to the ownership ofany interest other than such interest or interests as are shown on said map or schedule as owned by such party. Exhibit "A" and "B" shall be revised by the unit operator whenever changes in ownership in the unit area render such revisions necessary or when requested by the Commissioner of Public Lands, hereinafter referred to as "Commissioner" or the Oil Conservation Division, hereinafter referred to as the "Division”. AH land committed to this agreement shall constitute land referred to herein as "unitized land" or "land subject to this agreement".
UNIT AREA. The area specified on the map attached hereto marked Exhibit
(a) Unit Operator, on its own motion (after preliminary concurrence by the AO), or on demand of the AO, or the Land Commissioner (after preliminary concurrence by the AO and the Land Commissioner) shall prepare a notice of proposed expansion or contraction describing the contemplated changes in the boundaries of the unit area, the reasons therefore, any plans for additional drilling, and the proposed effective date of the expansion or contraction, preferably the first day of a month subsequent to the date of notice.
(b) Said notice shall be delivered to the proper Bureau of Land Management office and the Land Commissioner and copies thereof mailed to the last known address of each working interest owner, ▇▇▇▇▇▇ and lessor whose interests are affected, advising that 30 days will be allowed for submission to the Unit Operator of any objections.
(c) Upon expiration of the 30-day period provided in the preceding item (b) hereof, Unit Operator shall file with the AO and the Land Commissioner , evidence of mailing of the notice of expansion or contraction and a copy of any objections thereto which have been filed with the Unit Operator, together with an application in triplicate, for approval of such expansion or contraction and with appropriate joinders.
(d) After due consideration of all pertinent information, the expansion or contraction shall, upon approval by the AO and the Land Commissioner, become effective as of the date prescribed in the notice thereof or such other appropriate date.
(e) All legal subdivisions of lands (i.e., 40 acres by Government survey or its nearest lot or tract equivalent; in instances of irregular surveys, unusually large lots or tracts shall be considered in multiples of 40 acres or the nearest aliquot equivalent thereof), no parts of which are in or entitled to be in a participating area (as defined in Section 11) on or before the fifth anniversary of the effective date of the first initial participating area established under this unit agreement, shall be eliminated automatically from this agreement, effective of said fifth anniversary, and such lands shall no longer be a part of the unit area and shall no longer be subject to this agreement, unless diligent drilling operations under an approved plan of development are in progress on unitized lands on said fifth anniversary, in which event all such lands shall remain subject hereto for so long as such drilling operati...
UNIT AREA. The area described in an agreement as constituting the land logically subject to exploration and/or development under such agreement. Unitized land. Those lands and forma- tions within a unit area which are com- mitted to an approved agreement or plan. Unitized substances. Deposits of oil and gas contained in the unitized land which are recoverable in paying quan- tities by operation under and pursuant to an agreement. Working interest. An interest held in unitized substances or in lands con- taining the same by virtue of a lease, operating agreement, fee title, or oth- erwise, under which, except as other- wise provided in the agreement, the owner of such interest is vested with the right to explore for, develop, and produce such substances. The rights delegated to the unit operator by the
UNIT AREA. The Unit Agreement defines “unit area” as “the area inside the boundaries defined by the geographical co-ordinates and their corresponding UTM co-ordinates,” which are set forth in the agreement. Typically, a map of the unit area is also included. Figure 2 shows the complexity of defining the “unit area” for the Pre-Salt. What will be the areal boundary for the area? In that regard, how many units initially will comprise the Pre-Salt? There are several possible approaches. Historically, unitization has occurred for an interval of the subsurface which has a reservoir in pressure communication that crosses a boundary. Using Figure 2, there would be three units: ▇▇▇▇▇▇▇▇▇ ▇ (▇▇▇▇▇▇ ▇, ▇, ▇▇▇ ▇), ▇▇▇▇▇▇▇▇▇ 2 (Blocks E, F, H, and I) and Reservoir 3 (Blocks C and F). However, this approach may well be counterintuitive to the goal of unitization of an area the size of the Pre-Salt – efficiency in operations. Another approach would be to unitize those reservoirs within the Pre-Salt that are “in communication.” This concept would group together those accumulations of hydrocarbons that are in direct and continuous contact, that belong to the same pressure regime, and have the same composition. Typically, communication occurs in adjacent and overlying reservoirs. Under this approach, any number of units could comprise the Pre-Salt depending on the properties of each reservoir vis-à-vis other reservoirs within the area. For example, Reservoirs 1 and 2 overlay each other and are likely in “communication.” Thus, those portions of Blocks A, B, E, F, H and I would be unitized. However, Reservoir 3 could not be unitized together with Reservoirs 1 and 2 because although Reservoir 3 extends over more than one block, it is at a lower depth than Reservoirs 1 and 2. Absent some evidence of “communication” between Reservoir 3 and either Reservoir 1 or 2, which is unlikely under the depths presented, Reservoir 3 would likely be a stand-alone unit. Yet another approach would be to unitize those reservoirs contained in a “field.” As explained above, Brazilian law currently mandates unitization of “fields” (“▇▇▇▇▇▇”) that extend over adjoining blocks. There is some ambiguity in the definition of “field.” As explained in ▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇’▇ Manual of Oil and Gas Terms, “field” could mean an oil or gas deposit that is in natural pressure connection with any other deposit” or it could mean a geographic region situated over one or more subsurface oil and gas reservoirs such that a field...
UNIT AREA. Th e ar e a desc r ibed i n an a g r ▇▇ ▇ ▇ ▇ ▇ ▇ ▇ co n s t i t u t i n g t h e l an d logic a ll y s u bjec t t o explo ra t io n an d/o r Unitized la nd. Th ose l an ds an d fo r m a- t io n s wi t h i n a un i t ar e a w h ic h ar e co m - m i tt ed t o an a pp r oved a g r ee m e n t o r pl an . Unitized substances. Deposi t s of oil an d g a s co n t a i n ed i n t h e un i t ized l an d w h ic h ar e r ecove ra ble i n p ay i n g q uan- t i t ies b y ope ra t io n un de r an d p ur s uan t
UNIT AREA. The following described land is hereby designated and recognized as constituting the unit area: Township 10 South, Range 36 East.
UNIT AREA. T h e a r e a desc r ibed i n a n a g r ▇▇ ▇ ▇ ▇ ▇ ▇ ▇ co n s t i t u t i n g t h e l a n d logic a ll y s u bjec t t o explo r a t io n a n d/o r develop m e n t un de r s u c h a g r ee m e n t .