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 Riverside California Unit Agreement and Plan of Unitization is a legal document that outlines the agreement and plan for the unitization of oil or gas fields in the Riverside County, California area. This agreement is an essential tool used in the oil and gas industry to efficiently extract and manage resources from a specific area. The Unit Agreement and Plan of Unitization brings together multiple oil or gas leases, working interest owners, and operators within a designated geographic unit. It establishes rules and regulations for the cooperative development and production of the oil or gas reservoirs within the unit area. This agreement allocates the rights, obligations, and responsibilities of each party involved to ensure the economical and efficient production of resources. Keywords associated with the Riverside California Unit Agreement and Plan of Unitization include unitization, oil and gas fields, Riverside County, California, agreement, plan, cooperative development, working interest owners, leases, operators, reservoirs, rights, obligations, responsibilities, and efficient production. In the Riverside California area, there might be different types of Unit Agreement and Plan of Unitization based on the specific oil or gas fields and geological formations found in the region. Some examples of the different types of agreements could include the "Riverside County North Unit Agreement and Plan of Unitization," "Riverside County South Unit Agreement and Plan of Unitization," or "Riverside County East Unit Agreement and Plan of Unitization." These different agreements would correspond to the respective geographic areas within Riverside County and the specific oil or gas fields being unitized.
The Riverside California Unit Agreement and Plan of Unitization is a legal document that outlines the agreement and plan for the unitization of oil or gas fields in the Riverside County, California area. This agreement is an essential tool used in the oil and gas industry to efficiently extract and manage resources from a specific area. The Unit Agreement and Plan of Unitization brings together multiple oil or gas leases, working interest owners, and operators within a designated geographic unit. It establishes rules and regulations for the cooperative development and production of the oil or gas reservoirs within the unit area. This agreement allocates the rights, obligations, and responsibilities of each party involved to ensure the economical and efficient production of resources. Keywords associated with the Riverside California Unit Agreement and Plan of Unitization include unitization, oil and gas fields, Riverside County, California, agreement, plan, cooperative development, working interest owners, leases, operators, reservoirs, rights, obligations, responsibilities, and efficient production. In the Riverside California area, there might be different types of Unit Agreement and Plan of Unitization based on the specific oil or gas fields and geological formations found in the region. Some examples of the different types of agreements could include the "Riverside County North Unit Agreement and Plan of Unitization," "Riverside County South Unit Agreement and Plan of Unitization," or "Riverside County East Unit Agreement and Plan of Unitization." These different agreements would correspond to the respective geographic areas within Riverside County and the specific oil or gas fields being unitized.
