Unitized Area definition

Unitized Area is the leased lands within the boundaries defined in the Unitization Agreement, or Ratification thereto, approved by the Lessor.
Sample 1Sample 2Sample 3
Unitized Area means any area where ownership of production from the relevant pool or formation is consolidated pursuant to an agreement, whether voluntary and filed in the county land records, or approved by federal or state authority, including but not limited to a statutory unit, an approved enhanced recovery unit, a participating area in a federal exploratory unit, a federal unit which does not provide for participating areas, a state exploratory unit or a communitized unit if all interests in the communitized unit are committed to the communitization agreement.
Sample 1Sample 2Sample 3
Unitized Area or "unit" means the area established by unitization from which the proceeds of production are distributed to the participants according to:
Sample 1Sample 2

Examples of Unitized Area in a sentence

  • Each such party shall have the right to construct, maintain and operate all necessary facilities for that purpose within the Unitized Area, provided the same are so constructed, maintained and operated as not to interfere with Unit Operations.

  • Unitization in one or more instances shall, if approved by the NOGCC, not exhaust the rights of Operator to unitize the Leased Premises or portions of the Leased Premises into other unitized areas, and Operator shall have the recurring right to revise any Unitized Area formed under this Agreement by expansion or contraction or both, as may be approved by the NOGCC.

  • Other than the potential for the proportionate reduction of the Injection Fee on a surface acreage basis based on the Unitized Area, nothing herein shall serve to reduce compensation to the Owner hereunder.

  • In exercising its unitization rights under this Agreement, and if required by law, Operator shall record, or cause to be recorded, a copy of the NOGCC’s unitization order or other notice thereof in the county in which the Unitized Area is located.

  • Owner’s share of the Injection Fee shall be based on the proportion of the Storage Premises included within the Storage Reservoir on a surface acreage basis, to be determined by Operator, or as approved as a Unitized Area, as set forth in Section 9, below.

  • Operator may dissolve any Unitized Area at any time and document such dissolution by recording an instrument in accordance with applicable law or agency order.


More Definitions of Unitized Area

Unitized Area means the total land area covered by the CD Unit Agreement.
Sample 1

Related to Unitized Area

  • ILUA Area means the geographical area in relation to which the Framework ILUA applies, as specified in Schedule 2 of the Framework ILUA;

  • Urbanized area means an area where a well or production facilities of a well are located within a municipal corporation or within a township that has an unincorporated population of more than five thousand in the most recent federal decennial census prior to the issuance of the permit for the well or production facilities.

  • Landscaped area means all the planting areas, turf areas, and water features in a landscape design plan subject to the Maximum Applied Water Allowance and Estimated Applied Water Use calculations. The landscaped area does not include footprints of buildings or structures, sidewalks, driveways, parking lots, decks, patios, gravel or stone walks, other pervious or non-pervious hardscapes, and other non-irrigated areas designated for non-development (e.g., open spaces and existing native vegetation).

  • Leased Area means the Crown land referred to in, subclause (1) of clause 9 hereof; [“mineral lease”] 4

  • Underground area means an underground room, such as a basement, cellar, shaft or vault, providing enough space for physical inspection of the exterior of the tank situated on or above the surface of the floor.

  • Regulated area means any portion of an eradication zone designated for any purpose necessary to the execution of the Boll Weevil Eradication Program.

  • the LA area means the area in respect of which is the local authority.

  • designated area means any area which may from time to time be designated by Order in Council under the Continental Shelf Act 1964 as an area within which the rights of the United Kingdom with respect to the seabed and subsoil and their natural resources may be exercised;

  • Numbering Plan Area (“NPA”) (sometimes referred to as an area code) is the three- digit indicator which is designated by the first three digits of each 10-digit telephone number within the NANP. Each NPA contains 800 possible NXX Codes. There are two general categories of NPA, “Geographic NPAs” and “Non-Geographic NPAs.” A “Geographic NPA” is associated with a defined geographic area, and all telephone numbers bearing such NPA are associated with services provided within that geographic area. A “Non-Geographic NPA,” also known as a “Service Access Code (SAC Code)” is typically associated with a specialized Telecommunications Service which may be provided across multiple geographic NPA areas; 500, 800, 900, 700, and 888 are examples of Non-Geographic NPAs.

  • Restricted Area means an area, access to which is limited by the licensee or registrant for the purpose of protecting individuals against undue risks from exposure to sources of radiation. Restricted area does not include areas used as residential quarters, but separate rooms in a residential building may be set apart as a restricted area.

  • Carpet Area means the net usable floor, area of an Flat/Apartment, excluding the area covered by the external walls, areas under services shafts, excluding balcony or verandah area and exclusive open terrace, but includes the area covered by the internal partition walls of the flat/apartment;

  • Project Area means land or lands located within the incentive

  • Built-Up Area and/or “Covered Area” in relation to a Flat shall mean the floor area of that Flat including the area of balconies and terraces, if any attached thereto, and also the thickness of the walls (external or internal) and the columns and pillars therein Provided That if any wall, column or pillar be common between two Flats, then one-half of the area under such wall column or pillar shall be included in the built-up area of each such Flat.

  • Lands means the purchase of real property or interest in real property.

  • mining area means all those pieces of land containing two hundred and forty‑six (246) square miles or thereabouts situate in what is known to the parties as the “Xxx Xxxxx‑Siberia Nickel Laterite Area” the subject of the mineral claims applications for mineral claims and Temporary Reserves listed in the First Schedule hereto which are generally delineated and respectively coloured green and orange and red in the plan marked “X” signed by or on behalf of the parties for the purpose of identification;

  • Blighted area means an area in which a majority of buildings have declined in productivity by reason of obsolescence, depreciation or other causes to an extent they no longer justify fundamental repairs and adequate maintenance.

  • Contiguous means lots, parcels or fractional interests that

  • Disturbed area means an area where the ground cover is destroyed or removed leaving the land subject to accelerated erosion.

  • Riparian area means the transition area between flowing water and terrestrial (land) ecosystems composed of trees, shrubs and surrounding vegetation which serve to stabilize erodible soil, improve both surface and ground water quality, increase stream shading and enhance wildlife habitat.

  • Closed area means a place where the hunting of some or all

  • Redevelopment Area means the community redevelopment area described, defined or otherwise identified or referred to in the Redevelopment Plan.

  • Contiguous zone means the entire zone established by the United States under Article 24 of the Convention on the Territorial Sea and the Contiguous Zone (37 FR 11906 June 15, 1972).