43 CFR 3137.70 Certification of unit obligation (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: 43CFR3137.70]

[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.