Unit Operating Agreement definition

Unit Operating Agreement means any and all agreements entered into by the Unit Operator and the Working Interest Owners, as described in Article 8 of this Agreement.

Unit Operating Agreement means an agreement made between the Licensees and the unit operator that, among other things, establishes the rights and obligations of the Licensees and the unit operator including, but not limited to, the allocation of costs and liabilities incurred in and benefits derived from operations in the Unit Area.

Unit Operating Agreement. ’ means an agreement made be- tween the Licensees and the unit operator that, among other things, establishes the rights and obligations of the Licensees and the unit operator including, but not limited to, the alloca- tion of costs and liabilities incurred in and benefits derived from operations in the Unit Area.

Examples of Unit Operating Agreement in a sentence

• Said petition also seeks approval of the amendments to the Special Field Rules for the Brooklyn Field in order to conform to the provisions of the aforementioned Unit Agreement and Unit Operating Agreement.

• Funding is also provided in this Category for all Administrative Overhead (including Unit Operator billable costs and CRC billable costs) as called for in Exhibit F of the Unit Operating Agreement.

• Unit production and unit expenses are allocated on a surface acreage basis as set forth in the Unit Plan at Articles 3 through 5 (generally), except where otherwise allocated by the Unit Operating Agreement.

• Delivery of all Oil Allocated to each Contractor shall be taken by such Contractor or its nominee in the manner and in accordance with the applicable provisions of the Unit Agreement and Unit Operating Agreement.

• The nature of the contemplated unit operations can be found generally in the Unit Plan at Article 3, with greater specificity throughout, including the Unit Operating Agreement.

More Definitions of Unit Operating Agreement

Unit Operating Agreement means the agreement(s) entered into by the Unit Operator and the Working Interest Owners, as described in Article 7.

Unit Operating Agreement means the Unit Operating Agreement referred to in the Unit Agreement, as amended;

Unit Operating Agreement means any operating or unit agreement to which a Company is a party or by which it is legally or contractually bound governing oil and gas drilling, completion, and other operations and related activities in any Unit.

Unit Operating Agreement means an agreement, providing for the management and operation of a unit area and a unitized zone, that is entered into by working interest owners who are parties to a unit agreement with respect to that unit area and unitized zone, and includes a unit operating agreement as varied by a unitization order;

Unit Operating Agreement means that certain unit operating agreement dated August 5, 1952, covering the Delhi Xxxx Xxxxxx Unit, as may be amended, and which is attached hereto as Exhibit J.

Unit Operating Agreement is defined as and shall mean any agreement or agreements (whether one or more) entered into (separately or collectively) by and between the Unit Operator and the Working Interest Owners as provided in Article IX infra., and shall be styled “Unit Operating Agreement, Xxxxxx Jal Unit, Lea County, New Mexico”.

Unit Operating Agreement. (or UOA): Means the Area One operating agreement covering Xxxxxx Xxxxx Xxxxx 912 Unit, executed by and between Shell, Amoco Production Company, and Exxon, dated effective November 15, 1991, as amended.