Palm Beach Florida Unit Agreement and Plan of Unitization

State:
Multi-State
County:
Palm Beach
Control #:
US-OG-738
Format:
Word; 
Rich Text
Instant download

Description

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.


Free preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview

How to fill out Palm Beach Florida Unit Agreement And Plan Of Unitization?

Whether you intend to start your company, enter into a deal, apply for your ID renewal, or resolve family-related legal issues, you must prepare specific documentation meeting your local laws and regulations. Locating the correct papers may take a lot of time and effort unless you use the US Legal Forms library.

The service provides users with more than 85,000 expertly drafted and checked legal documents for any personal or business occurrence. All files are grouped by state and area of use, so opting for a copy like Palm Beach Unit Agreement and Plan of Unitization is fast and easy.

The US Legal Forms website users only need to log in to their account and click the Download button next to the required template. If you are new to the service, it will take you a couple of additional steps to obtain the Palm Beach Unit Agreement and Plan of Unitization. Adhere to the guidelines below:

  1. Make certain the sample fulfills your personal needs and state law regulations.
  2. Look through the form description and check the Preview if available on the page.
  3. Use the search tab specifying your state above to find another template.
  4. Click Buy Now to obtain the sample once you find the right one.
  5. Opt for the subscription plan that suits you most to proceed.
  6. Sign in to your account and pay the service with a credit card or PayPal.
  7. Download the Palm Beach Unit Agreement and Plan of Unitization in the file format you prefer.
  8. Print the copy or fill it out and sign it electronically via an online editor to save time.

Forms provided by our website are multi-usable. Having an active subscription, you are able to access all of your earlier purchased paperwork at any time in the My Forms tab of your profile. Stop wasting time on a endless search for up-to-date official documents. Join the US Legal Forms platform and keep your paperwork in order with the most comprehensive online form collection!

Form popularity

FAQ

Unitization is the combined operation of an oil and gas field by the different holders of the rights to the petroleum resources in the individual tracts on top of a petroleum reservoir.

Unitizing has many significant advantages including: Reduction of labor costs from manual handling to the use of equipment used for larger unitized loads. Inventory control. Decreased loading times resulting in transportation savings. Security and protection of products in the warehouse and in transit.

The purpose of the unitisation agreement is to establish the unit from the two or more licence or contract areas which contain the reservoir by unitising the licensees respective interests and to provide for the development, operation and decommissioning of the unit.

Unitization is the act of consolidating multiple smaller units into a larger unit for improved warehouse efficiency, quicker packaging and arranging, and more efficient handling and transportation.

Unitization is the agreement to jointly operate an entire producing reservoir or a prospectively productive area of oil and/or gas. The entire unit area is operated as a single entity, without regard to lease boundaries, and allows for the maximum recovery of production from the reservoir.

(a) Participating areas are those committed tracts or portions of those committed tracts within the unit area that are proven to be productive by a well meeting the productivity criteria specified in the unit agreement.

A unitization is the pooling of assets by several parties in an oil and gas producing area in order to form a single operating unit, in exchange for receiving an interest in that unit.

Pooling refers to joining together enough acreage to allow issuance of a drilling permit for a single well. Unitization refers to joining together large areas such as an entire reservoir or field to optimize operations, introduce efficiencies, and reduce costs. Both pooling and unitization can be voluntary or forced.

More info

Information affecting employees in the bargaining unit. Completing Attachments 5, 6, and 7 and Selection of Menu .Due to the cost of the contract it needs to be sent out for bid. Agreement to bring to City Council. When staff was getting approval on the plans and putting the project out to bid, they didn't have that information. Middle Bay Tire units. W Stone. Pasco. 420. 611. Operations within the Unit Area in accordance with plans of operations approved pursuant to the Act, applicable Regulations, and this Agreement. 5 How to Complete the OGOR. MiamiDade County, FL. Agreement No. RFP01353IA.

Trusted and secure by over 3 million people of the world’s leading companies

Palm Beach Florida Unit Agreement and Plan of Unitization