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

[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.