Unitized Area definition

Unitized Area is the leased lands within the boundaries defined in the Unitization Agreement, or Ratification thereto, approved by the Lessor.
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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.
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Unitized Area or "unit" means the area established by unitization from which the proceeds of production are distributed to the participants according to:
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Examples of Unitized Area in a sentence

  • Recent VPO Drill Holes In 1989, hole 2-16-36-8-W3 in the Unitized Area was drilled by Sebco Drilling on behalf of Agrium.

  • For reporting purposes, the VPO Lands have been divided into three areas: (1) the Unitized Area containing most of the mining to date; (2) the South Block to the south and east of the shafts (currently under development); and (3) the North Expansion Block north of the Unitized Area.

  • Recent VPO Drill Holes In 1989, hole 2-16-36-8-W3 in the Unitized Area was drilled by Sebco Drilling on behalf of the Company.

  • The operator of any well subject to this Agreement, further agrees not to handle, use or otherwise manage and to cause its employees, agents, contractors, and any other person occupying or present on the premises not to manage any Hazardous Material in violation of any Environmental Law and to conduct operations hereunder so as to prevent the Release or threat of Release of any Hazardous Material on, to, or from the Unitized Area which could result in an Environmental Claim.

  • The operator of any well shall properly plug all xxxxx drilled by it on the Unitized Area and either not capable of or no longer capable of producing oil or gas in as a Commercial Producer.

  • The Unitized Area boundaries were created to retain the same percentage Crown ownership in the unit as in the township and creates an irregular shaped boundary along the west side.

  • Recent VPO Drill Holes In 1989, hole 2-16-36-8-W3 in the Unitized Area was drilled by Sedco Drilling on behalf of the Company.

  • Recent VPO Drill HolesIn 1989, hole 2-16-36-8-W3 in the Unitized Area was drilled by Sebco Drilling on behalf of Agrium.

  • Relocation expenses may be considered appropriate at the start and conclusion of a term of appointment.

  • For reporting purposes, the KL 114-R Lands have been divided into three areas: (1) the Unitized Area containing most of the mining to date; (2) the South Block to the south and east of the shafts (currently under development); and (3) the North Expansion Block north of the Unitized Area.


More Definitions of Unitized Area

Unitized Area means the total land area covered by the CD Unit Agreement.
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Related to Unitized Area

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

  • Slum area means any area where dwellings predominate which, by reason of depreciation, overcrowding, faulty arrangement or design, lack of ventilation, light or sanitary facilities, or any combination of these factors, are detrimental to the public safety, health or morals.

  • Project Area means land or lands located within the incentive

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

  • 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.

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

  • 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.