43 CFR 3137.50
§ 3137.50 What optional terms may I include in a unit agreement?
United States · 43 CFR — Public Lands: Interior · Status: effective
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- Citation
- 43 CFR 3137.50, § 3137.50 What optional terms may I include in a unit agreement?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/211966
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Full text
BLM may approve the following optional terms for a unit agreement if they promote additional development or enhanced production potential—
(a) Limiting the unit agreement to certain formations and their intervals;
(b) Multiple unit operators (see § 3137.51 of this subpart);
(c) Allowing modification of the unit agreement terms if less than 100 percent of the parties to the unit agreement (see § 3137.52 of this subpart) agree to the modification; or
(d) Other terms that BLM determines will promote the greatest economic recovery of oil and gas consistent with applicable law.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.