Unit Contraction and Participating Area Reductions / Unit Status at Year-End 2019. This Paragraph 4.5 describes various development scenarios that could be present at year-end 2019, and the implications for acreage in the Point Thomson Unit. Particularly, this paragraph sets forth the terms and conditions under which some or all of the acreage could contract out of the Point Thomson Unit and be released to the State Without Appeal, and some or all of the acreage could remain in the Point Thomson Unit and be included in a PA. Paragraph 4.5 does not address Area F; Paragraph 4.7 describes what will happen with Area F acreage.
Appears in 4 contracts
Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement
