43 C.F.R. § 3285.2

When may BLM approve a voluntary termination of a unit agreement?

Last amended: 2016Year: 2026Length: 101 wordsSubsections: 2Official source

Cite as 43 C.F.R. § 3285.2 (2026)

BLM may approve the voluntary termination of a unit agreement at any time: (a) After receiving a signed certification agreeing to the termination from a sufficient number of the working interest owners specified in the unit agreement who together represent a majority interest in the unit agreement; and (b)(1) After the completion of the initial unit obligation well but before the establishment of a participating area; or (2) After a participating area is established, upon receipt of information providing adequate assurance that: (i) Diligent development and production of known commercial geothermal resources will occur; and (ii) The public interest is protected.
43 C.F.R. § 3285.2: When may BLM approve a voluntary termination of a unit agreement? | Justis AI