Unitization Agreement is an agreement to consolidate acreage into a Unitized Area for the allocation of production on a basis as defined within the Agreement or Ratification as approved by the Lessor.
Unitization Agreement means an agreement between contractors, who hold separate petroleum agreements on blocks that are adjacent or contiguous to each other for purposes of joint development or production of petroleum from a field straddling two or more different contract areas;
Unitization Agreement means an agreement between the Affected Parties and all Interest Holders in a Straddling Resource to unitize their Interests and to administer and manage that unitized Interest as a single unit as provided in section 5.5. GENERAL
Examples of Unitization Agreement in a sentence
Participation in royalties from a unitized area, or rent abatements shall be in accordance with the Unitization Agreement.
More Definitions of Unitization Agreement
Unitization Agreement means a voluntary agreement between operators to create
Unitization Agreement means an agreement between contractors, who hold separate petroleum agreements on blocks that are adjacent or contiguous to each other for
Unitization Agreement means an agreement entered into under Article 5 paragraph 15 of the Hydrocarbons Law. ANNEX E
Unitization Agreement means an agreement providing for the combining of separately owned oil or gas interests in a pool, formation or field to permit the efficient and economical drilling for or production of oil, gas or other unitized substances. O. Reg. 263/02, s. 15 (1).
Unitization Agreement means that certain Old Ocean Field Unitization Agreement dated January 30, 1947, recorded in Vol. 412, Pg. 1, of the Deed Records of Brazoria County, Texas, and in Vol. 176, Pg. 55 of the Deed Records of Matagorda County, Texas.