This form is an agreement that is used by the Parties that are the owners of working, royalty, or other oil and gas interests in the unit area subject to this Agreement. It is pursuant to the Mineral Leasing Act of February 25, 1920, as amended, 30 U.S.C. Sec. 181 et seq., authorizes Federal lessees and their representatives to unite with each other, or jointly or separately with others, in collectively adopting and operating under a unit plan of development or operations of all or any part of any oil and gas pool, field, or like area, for the purpose of more properly conserving the natural resources whenever determined and certified by the Secretary of the Interior to be necessary or advisable in the public interest.
The Bexar Texas Exploratory Unit Agreement (also known as the BT-EUA) is a legal contract that governs the exploration and production of hydrocarbon resources in the Bexar County, Texas region. This agreement outlines the terms and conditions agreed upon by multiple participating parties who hold oil and gas leases within the designated exploratory unit. In this agreement, the parties involved define the geographic boundaries of the Bexar Texas Exploratory Unit, which typically encompasses various oil and gas leaseholds. The primary aim of this agreement is to facilitate efficient exploration and production by consolidating multiple leases and pooling their resources. The Bexar Texas Exploratory Unit Agreement grants the authorized operator (usually an oil and gas company) the right to explore, develop, and produce hydrocarbons within the designated unit. The agreement specifies the period of exploration and the obligations of each party regarding drilling operations, production, and cost-sharing arrangements. Depending on the specific circumstances and resources involved, there can be different types of Bexar Texas Exploratory Unit Agreements. These variations may include: 1. Traditional BT-EUA: This is a standard agreement that establishes a unified exploration area by combining several individual leases under a single operator. It outlines the rights and responsibilities of each participating party, governing both drilling and production activities. 2. Modified BT-EUA: This type of agreement allows for modifications to the traditional terms and conditions of the BT-EUA. These modifications can include special provisions for certain areas of the exploratory unit or specific requirements for unconventional resource development. 3. Joint BT-EUA: In some cases, multiple operators may collaborate to jointly explore and develop the hydrocarbon resources within the Bexar Texas Exploratory Unit. This agreement outlines the shared responsibilities, including drilling costs, production sharing, and coordination between the operators. 4. Enhanced Recovery BT-EUA: If the unit area is suitable for enhanced oil recovery methods, an enhanced recovery BT-EUA may be established. This agreement defines the enhanced recovery techniques to be employed and the associated costs and benefits. In conclusion, the Bexar Texas Exploratory Unit Agreement is a legally binding contract that governs the exploration and production activities within a designated unit in Bexar County, Texas. It streamlines operations, defines obligations, and ensures the efficient utilization of resources by pooling together multiple leases under a consolidated operator.The Bexar Texas Exploratory Unit Agreement (also known as the BT-EUA) is a legal contract that governs the exploration and production of hydrocarbon resources in the Bexar County, Texas region. This agreement outlines the terms and conditions agreed upon by multiple participating parties who hold oil and gas leases within the designated exploratory unit. In this agreement, the parties involved define the geographic boundaries of the Bexar Texas Exploratory Unit, which typically encompasses various oil and gas leaseholds. The primary aim of this agreement is to facilitate efficient exploration and production by consolidating multiple leases and pooling their resources. The Bexar Texas Exploratory Unit Agreement grants the authorized operator (usually an oil and gas company) the right to explore, develop, and produce hydrocarbons within the designated unit. The agreement specifies the period of exploration and the obligations of each party regarding drilling operations, production, and cost-sharing arrangements. Depending on the specific circumstances and resources involved, there can be different types of Bexar Texas Exploratory Unit Agreements. These variations may include: 1. Traditional BT-EUA: This is a standard agreement that establishes a unified exploration area by combining several individual leases under a single operator. It outlines the rights and responsibilities of each participating party, governing both drilling and production activities. 2. Modified BT-EUA: This type of agreement allows for modifications to the traditional terms and conditions of the BT-EUA. These modifications can include special provisions for certain areas of the exploratory unit or specific requirements for unconventional resource development. 3. Joint BT-EUA: In some cases, multiple operators may collaborate to jointly explore and develop the hydrocarbon resources within the Bexar Texas Exploratory Unit. This agreement outlines the shared responsibilities, including drilling costs, production sharing, and coordination between the operators. 4. Enhanced Recovery BT-EUA: If the unit area is suitable for enhanced oil recovery methods, an enhanced recovery BT-EUA may be established. This agreement defines the enhanced recovery techniques to be employed and the associated costs and benefits. In conclusion, the Bexar Texas Exploratory Unit Agreement is a legally binding contract that governs the exploration and production activities within a designated unit in Bexar County, Texas. It streamlines operations, defines obligations, and ensures the efficient utilization of resources by pooling together multiple leases under a consolidated operator.
