This form provides for the reassignment of interests in the event a well is required to be drilled, deepened, reworked, plugged back, sidetracked, or recompleted, or any other operation that may be required in order to (1) continue a Lease or Leases in force and effect, or (2) maintain a unitized area or any portion of it in and to any Oil and/or Gas and other interest which may be owned by a third party or which, failing in the operation, may revert to a third party, or (3) comply with an order issued by a regulatory body
Puerto Rico Provisions For JOA 82 Revised
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US-OG-715
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The majority of Puerto Rico's electricity is generated using oil and natural gas fired power plants. Puerto Rico also has 21 reservoirs that produce hydroelectric energy.
Act 80 (the Unjust Dismissal Act) regulates employment termination of employees hired for an indefinite term. Puerto Rico is not an 'employment at will' jurisdiction.
Puerto Rico is an unincorporated territory of the United States. Most but not all federal laws apply to Puerto Rico. In addition to the U.S. Constitution, which is the supreme law of the U.S., federal laws include statutes that are periodically codified in the U.S. Code.
When Puerto Rico became a US territory, it incorporated the common law system. This created a mixed legal system in which common law and civil law are blended. This system is what prevails today. Civil law is applied for family law, divorce, child custody, real property law, and contractual law, among others.
The Puerto Rico Energy Public Policy Act (Act 17), passed in 2019, set a goal for the territory to transition away from imported fossil fuels and instead meet its electricity needs with 100% renewable energy by 2050, 60% by 2040, and 40% by 2025.
In 2019, the Puerto Rico legislature passed the Puerto Rico Energy Public Policy Act (Act 17) , setting a goal for the commonwealth to meet 100% of its electricity needs with renewable energy by 2050, with interim targets of 40% by 2025, 60% by 2040, the phaseout of coal-fired generation by 2028, and a 30% improvement ...
This law establishes the Electric Power Authority of Puerto Rico (Autoridad de Energia Electrica de Puerto Rico), which was created to preserve, develop and use, and to assist in the conservation, development and utilization of water and energy sources in country.
Puerto Rico's renewable resources include solar energy, wind energy, hydropower, and biomass. Under the Puerto Rico Energy Public Policy Act, PREPA must obtain 40% of its electricity supply from renewable resources by 2025, 60% by 2040, and 100% by 2050.