43 CFR 3137.52 Certification for modification (regulations)

WAIS Document Retrieval[Code of Federal Regulations]
[Title 43, Volume 2]
[Revised as of October 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 43CFR3137.52]

[Page 399-400]

TITLE 43--PUBLIC LANDS: INTERIOR

CHAPTER II--BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR

PART 3130_OIL AND GAS LEASING: NATIONAL PETROLEUM RESERVE, ALASKA--
Table of Contents

Subpart 3137_Unitization Agreements_National Petroleum Reserve-Alaska

Sec. 3137.52 How may I modify the unit agreement?

(a) You may modify a unit agreement if--
(1) All current parties to the unit agreement agree to the
modification; or
(2) You meet the requirements of the modification provision in the
unit agreement. The modification provision must identify which parties,
and what percentage of those parties, must consent to each type of
modification.
(b) You must submit to BLM an application for modification. The
application must include the following--
(1) The operator must certify that the necessary parties have agreed
to the modification; and
(2) If the unit agreement modification alters the current allocation
schedule, you must submit to BLM both a--
(i) Description of the new allocation methodology; and
(ii) New allocation schedule.
(c) A modification is not effective unless BLM approves it. After
BLM approves the modification, it is effective retroactively to the date
you filed a complete application for modification. However, BLM may
approve a different effective date if you request it and provide
acceptable justification.
(d) BLM will reject modifications that do not comply with BLM
regulations or applicable law.

[[Page 400]]

Unit Agreement Operating Requirements