43 CFR 3137.61 Change of unit operator (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: 43CFR3137.61]

[Page 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. 3137.61 How do I change unit operators?

(a) To change unit operators, the new unit operator must submit to
BLM--
(1) Statements that--
(i) It accepts unit obligations; and
(ii) The percentage of required interest owners consented to a
change of unit operator; and
(2) Evidence of acceptable bonding (see Sec. 3137.60(b) of this
subpart).
(b) The effective date of the change in unit operator is the date
BLM approves the new unit operator.