43 C.F.R. § 3137.40

What initial development obligations must I define in a unit agreement?

Last amended: 2016Year: 2026Length: 58 wordsSubsections: 4Official source

Cite as 43 C.F.R. § 3137.40 (2026)

Your unit agreement must define— (a) The number of wells you anticipate will be necessary to assess the reservoir adequately; (b) A primary target for each well; (c) A schedule for starting and completing drilling operations for each well; and (d) The time between starting operations on a well to the start of operations on the next well.
43 C.F.R. § 3137.40: What initial development obligations must I define in a unit agreement? | Justis AI