Unitized Lands definition

Unitized Lands means lands that are unitized under a plan of unitization consented to in writing by the Lessor and is reduced to a formal unit agreement that allocates production from an area greater than a single Spacing Unit; and
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Unitized Lands means all or any portion of the Lands and such other lands as may have been unitized in accordance with the terms hereof or pursuant to any agreement, statute, or any regulation, order or, directive of any government or any governmental agency.
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Unitized Lands means lands that are unitized under a plan of unitization consented to in writing by ▇▇▇▇▇▇ and is reduced to a formal unit agreement that allocates production from an area greater than a single Spacing Unit.
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Examples of Unitized Lands in a sentence

  • Nothing in this agreement contained shall be construed as a waiver of any party hereto of the right to assert any legal or constitutional right or defense as to the validity or invalidity of any law of the State wherein said Unitized Lands are located, or of the United States or the rules or regulations issued thereunder in any way affecting such party, or as a waiver by any such party of any right beyond his or its authority to waive.

  • In furtherance of this provision, a Market Partner shall not take any action that may reasonably be foreseen to result in drawing an inquiry from other Market Partners relating to the Market Partner’s other direct selling business activities.

  • Suspension of drilling or producing operations on all Unitized Lands pursuant to direction or consent of the Secretary, or his duly authorized representative, shall be deemed to constitute such suspension pursuant to such direction or consent as to each and every tract of Unitized Land; however, a suspension of drilling and/or producing operations on specified lands shall be applicable only to such lands.

  • Any Drilling Operations or Production Operations on or from the Pooled Lands or the Unitized Lands shall have the same effect as if the Drilling Operations or Production Operations, that are diligently and continuously pursued, were conducted on or from the Leased Lands.

  • Subject to the relinquishment provisions hereof, any lease committed hereto shall, as to the Unitized Lands, continue in force beyond the term so provided therein, or as extended by law, for the life of this Agreements; provided, actual sustained production is had under this Agreement or actual on site or off site construction of the initial facilities necessary for drilling and producing operations is commenced prior to the expiration of the term of such lease.

  • Nothing herein contained in this Unit Agreement shall be construed as a waiver by any party hereto of the right to assert any legal or constitutional right or defense as to the validity or invalidity of any law of the State where the Unitized Lands are located, or of the United States, or regulations issued thereunder in any way affecting such party, or as a waiver by any such party of any right beyond his or its authority to waive.

Related to Unitized Lands

  • Undeveloped Land means raw land that has not been filled to grade or been permitted for development.

  • Hydrocarbon Interests means all rights, titles, interests and estates now or hereafter acquired in and to oil and gas leases, oil, gas and mineral leases, or other liquid or gaseous hydrocarbon leases, mineral fee interests, overriding royalty and royalty interests, net profit interests and production payment interests, including any reserved or residual interests of whatever nature.

  • Developed Land means non-vacant land that is likely to be redeveloped during the planning period.

  • Submerged lands means those lands which are inundated by water on a seasonal or more frequent basis.

  • Lands means the purchase of real property or interest in real property.