Unit Operating Agreement definition

Unit Operating Agreement means an agreement made between the Licensees and the unit operator that, among other things, establishes the rights and obligations of the Licensees and the unit operator including, but not limited to, the allocation of costs and liabilities incurred in and benefits derived from operations in the Unit Area.

Unit Operating Agreement means any and all agreements entered into by the Unit Operator and the Working Interest Owners, as described in Article 8 of this Agreement.

Unit Operating Agreement means the agreement(s) entered into by the Unit Operator and the Working Interest Owners, as described in Article 7.

Examples of Unit Operating Agreement in a sentence

• Said petition also seeks approval of the amendments to the Special Field Rules for the Brooklyn Field in order to conform to the provisions of the aforementioned Unit Agreement and Unit Operating Agreement.

• Said petition further seeks to have Sklar Exploration Company L.L.C. designated as operator of the Unit Area in accordance with the laws of the State of Alabama and seeks an order from the Board approving the form of the Unit Agreement and Unit Operating Agreement.

• Neither the Unit Operating Agreement nor any amendment thereto shall be deemed either to modify any of the terms and condi- tions of this Agreement or to relieve the Unit Operator of any right or obligation es- tablished under this Agreement.

• In case of any inconsistency or con- flict between this Agreement and the Unit Operating Agreement, this Agreement shall govern.

• The allocation of hydrocarbon liquids between the oil and condensate from the Field is a theoretical calculation performed in accordance with procedures specified in the Prudhoe Bay Unit Operating Agreement.

More Definitions of Unit Operating Agreement

Unit Operating Agreement. ’ means an agreement made be- tween the Licensees and the unit operator that, among other things, establishes the rights and obligations of the Licensees and the unit operator including, but not limited to, the alloca- tion of costs and liabilities incurred in and benefits derived from operations in the Unit Area.

Unit Operating Agreement means the Unit Operating Agreement referred to in the Unit Agreement, as amended;

Unit Operating Agreement means an agreement, providing for the management and operation of a unit area and a unitized zone, that is entered into by working interest owners who are parties to a unit agreement with respect to that unit area and unitized zone, and includes a unit operating agreement as varied by a unitization order;

Unit Operating Agreement is defined as and shall mean any agreement or agreements (whether one or more) entered into (separately or collectively) by and between the Unit Operator and the Working Interest Owners as provided in Article IX infra., and shall be styled “Unit Operating Agreement, Xxxxxx Jal Unit, Lea County, New Mexico”.

Unit Operating Agreement means that certain unit operating agreement dated August 5, 1952, covering the Delhi Xxxx Xxxxxx Unit, as may be amended, and which is attached hereto as Exhibit J.

Unit Operating Agreement. (or UOA): Means the Area One operating agreement covering Xxxxxx Xxxxx Xxxxx 912 Unit, executed by and between Shell, Amoco Production Company, and Exxon, dated effective November 15, 1991, as amended.

Unit Operating Agreement is the agreement entered into by and between the Unit Operator and the Working Interest Owners as provided in Section 9, infra, and shall be styled "Unit Operating Agreement, Unit, County(ies), New Mexico".