Common use of UNITIZATION Clause in Contracts

UNITIZATION. (a) The lessee may unite with others, jointly or separately, in collectively adopting and operating under a cooperative or unit agreement for the exploration, development, or operation of the pool, field, or like area or part of the pool, field, or like area that includes or underlies the leased area or any part of the leased area whenever the state determines and certifies that the cooperative or unit agreement is in the public interest.

UNITIZATION. (a) A. The lessee Lessee may unite with others, jointly or separately, in collectively adopting and operating under a cooperative or unit agreement for the exploration, development, development or operation of the pool, field, pool or field or like area or part of the pool, field, field or like area that includes or underlies the leased area or any part of the leased area whenever the state State of Alaska determines and certifies that the cooperative or unit agreement is in the public interest.