43 CFR 3137.70 Certification of unit obligation (regulations)

43 CFR 3137.70 Certification of unit obligation.txt

Oil Gas Leasing: National Petroleum Reserve, Alaska (NPRA) (43 CFR 3130, 3133, 3135, 3137, 3138)

43 CFR 3137.70 Certification of unit obligation (regulations)

OMB: 1004-0196

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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: 43CFR3137.70]

[Page 401]
 
                    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. 3137.70  What must I do to meet initial development obligations?

    (a) To meet initial development obligations by the time specified in 
your unit agreement you must--
    (1) Drill the required test well(s) to the primary target;
    (2) Drill at least one well that meets the productivity criteria 
(see Sec. 3137.82 of this subpart); or
    (3) Establish, to BLM's satisfaction, that further drilling to meet 
the productivity criteria is unwarranted or impracticable.
    (b) You must certify to BLM that you met initial development 
obligations no later than 60 calendar days after meeting the 
obligations. BLM may require you to supply documentation that supports 
your certification.



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