Common Contracts
4 similar Production Allocation Unit Agreement contracts
Commented [CB2]:Production Allocation Unit Agreement • September 12th, 2022
The name is based on the field/pool of the unit well at the proposal stage. Alberta Energy’s internal system dictates the name of the unit which follows the format of the field/pool based on the proposed unitized well. If the unit name already exists, then by default a sequential number will be added at the end of the unit name. E.g. Provost (field) Cummings (pool) Agreement No. 1 or Provost Cummings Unit No. 2, etc. If necessary Alberta Energy will advised the applicant to change the unit name.
ContractProduction Allocation Unit Agreement • July 13th, 2022
Commented [CM1]: A PAUA benefits freehold and Crown royalty interests and Working Interest Owners that join it by allowing for economic production of the Production Allocation Substances by the avoidance of unnecessary drilling. It is the Operator’s responsibility to gather the support of all relevant parties and to ensure participation in the PAUA. It is not the Crown’s role as Royalty Interest Owner, since the Crown’s main interest is to ensure that it receives royalties on any production of Crown minerals.
ContractProduction Allocation Unit Agreement • July 13th, 2022
Commented [CM1]: A PAUA benefits freehold and Crown royalty interests and Working Interest Owners that join it by allowing for economic production of the Production Allocation Substances by the avoidance of unnecessary drilling. It is the Operator’s responsibility to gather the support of all relevant parties and to ensure participation in the PAUA. It is not the Crown’s role as Royalty Interest Owner, since the Crown’s main interest is to ensure that it receives royalties on any production of Crown minerals.
Commented [CB2]:Production Allocation Unit Agreement • April 20th, 2020
The name is based on the field/pool of the unit well at the proposal stage. Alberta Energy’s internal system dictates the name of the unit which follows the format of the field/pool based on the proposed unitized well. If the unit name already exists, then by default a sequential number will be added at the end of the unit name. E.g. Provost (field) Cummings (pool) Agreement No. 1 or Provost Cummings Unit No. 2, etc. If necessary Alberta Energy will advised the applicant to change the unit name.
