UNIT AREA. The area described in a unit agreement as constituting the land logically subject to development under such agreement.
Appears in 2 contracts
Sources: Geothermal Resource Agreement, Geothermal Resources Unit Agreements
UNIT AREA. The area described in a unit an agreement as constituting the land logically subject to exploration and/or development under such agreement.
Appears in 1 contract
Sources: Onshore Oil and Gas Unit Agreements