43 CFR 3137.130 Unit termination (regulations)

43 CFR 3137.130 Unit termination.txt

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

43 CFR 3137.130 Unit termination (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: 43CFR3137.130]

[Page 406]
 
                    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. 3137.130  Under what circumstances will BLM approve a voluntary 
termination of the unit?

    BLM will approve the voluntary termination of the unit at any time--
    (a) Before the unit operator discovers production sufficient to 
establish a participating area; and
    (b) The unit operator submits to BLM certification that at least 75 
percent of the operating rights owners in the unit agreement, on a 
surface acreage basis, agree to the termination.



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