This Agreement is entered into, between the parties subscribing, ratifying, or consenting to it. The Parties are the owners of working, royalty, or other oil and gas interests in the Unit Area subject to this Agreement.
The Mineral Leasing Act of February 25, 1920, 41 Stat. 437, as amended, 30 U.S.C., Secs. 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 a cooperative or unit plan of development or operation of all or any part of any oil or gas pool, field, or like area, for the purposes of more properly conserving the natural resources whenever determined and certified by the Secretary of the Interior of the United States, to be necessary or advisable in the public interest.
The Clark Nevada Unit Agreement and Plan of Unitization is a legal document that outlines the framework and regulations for the development and operation of an oil or gas field located in Clark County, Nevada. This agreement establishes a cooperative and coordinated effort between landowners, operators, and interested parties to efficiently extract hydrocarbon resources while minimizing conflicts and maximizing economic benefits. Under the Clark Nevada Unit Agreement and Plan of Unitization, multiple individual tracts or parcels of land are combined into a unified unit. This unitization process allows for the optimal exploitation of hydrocarbon reservoirs that may extend beyond the boundaries of a single landowner's property, ensuring that all stakeholders have a fair share of the produced resources. This agreement typically encompasses various key aspects, including the establishment of a unit area, designation of unit operators, determination of working interests, and provisions for the sharing of costs, revenues, and royalties. It also addresses environmental and operational considerations such as drilling and production techniques, safety protocols, waste management, and monitoring practices. Different types of Clark Nevada Unit Agreements and Plans of Unitization may exist depending on the specific characteristics and objectives of the oil or gas field being developed. These variations can include agreements for conventional onshore fields, offshore fields, or unconventional resources like shale gas or tight oil. The agreement may further diversify based on the participating parties and the terms regarding the duration of the unitization, delineation of drilling and production procedures, and the allocation of expenses and production shares among the involved stakeholders. Overall, the Clark Nevada Unit Agreement and Plan of Unitization is a crucial document that enables effective collaboration and resource management in the exploration and production of hydrocarbons in Clark County, Nevada. It ensures that multiple landowners and operators work together in a coordinated manner to optimize recovery, minimize wastage, and uphold environmental standards while maximizing the economic benefits for all involved.The Clark Nevada Unit Agreement and Plan of Unitization is a legal document that outlines the framework and regulations for the development and operation of an oil or gas field located in Clark County, Nevada. This agreement establishes a cooperative and coordinated effort between landowners, operators, and interested parties to efficiently extract hydrocarbon resources while minimizing conflicts and maximizing economic benefits. Under the Clark Nevada Unit Agreement and Plan of Unitization, multiple individual tracts or parcels of land are combined into a unified unit. This unitization process allows for the optimal exploitation of hydrocarbon reservoirs that may extend beyond the boundaries of a single landowner's property, ensuring that all stakeholders have a fair share of the produced resources. This agreement typically encompasses various key aspects, including the establishment of a unit area, designation of unit operators, determination of working interests, and provisions for the sharing of costs, revenues, and royalties. It also addresses environmental and operational considerations such as drilling and production techniques, safety protocols, waste management, and monitoring practices. Different types of Clark Nevada Unit Agreements and Plans of Unitization may exist depending on the specific characteristics and objectives of the oil or gas field being developed. These variations can include agreements for conventional onshore fields, offshore fields, or unconventional resources like shale gas or tight oil. The agreement may further diversify based on the participating parties and the terms regarding the duration of the unitization, delineation of drilling and production procedures, and the allocation of expenses and production shares among the involved stakeholders. Overall, the Clark Nevada Unit Agreement and Plan of Unitization is a crucial document that enables effective collaboration and resource management in the exploration and production of hydrocarbons in Clark County, Nevada. It ensures that multiple landowners and operators work together in a coordinated manner to optimize recovery, minimize wastage, and uphold environmental standards while maximizing the economic benefits for all involved.
