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