[Code of Federal Regulations]

[Title 43, Volume 2]

[Revised as of October 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 43CFR3180.0-5]



[Page 452]

 

                    TITLE 43--PUBLIC LANDS: INTERIOR

 

    CHAPTER II--BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR

 

PART 3180_ONSHORE OIL AND GAS UNIT AGREEMENTS: UNPROVEN AREAS

--Table of Contents

 

        Subpart 3180_Onshore Oil and Gas Unit Agreements: General

 

Sec.  3180.0-5  Definitions.



    The following terms, as used in this part or in any unit agreement 

approved under the regulations in this part, shall have the meanings 

here indicated unless otherwise defined in such unit agreement:

    Federal lease. A lease issued under the Act of February 25, 1920, as 

amended (30 U.S.C. 181, et seq.); the Act of May 21, 1930 (30 U.S.C. 

351-359); the Act of August 7, 1947 (30 U.S.C. 351, et seq.); or the Act 

of November 16, 1981 (Pub. L. 97-98, 95 Stat. 1070).

    Participating area. That part of a unit area which is considered 

reasonably proven to be productive of unitized substances in paying 

quantities or which is necessary for unit operations and to which 

production is allocated in the manner prescribed in the unit agreement.

    Unit area. The area described in an agreement as constituting the 

land logically subject to exploration and/or development under such 

agreement.

    Unitized land. Those lands and formations within a unit area which 

are committed to an approved agreement or plan.

    Unitized substances. Deposits of oil and gas contained in the 

unitized land which are recoverable in paying quantities by operation 

under and pursuant to an agreement.

    Working interest. An interest held in unitized substances or in 

lands containing the same by virtue of a lease, operating agreement, fee 

title, or otherwise, under which, except as otherwise provided in the 

agreement, the owner of such interest is vested with the right to 

explore for, develop, and produce such substances. The rights delegated 

to the unit operator by the unit agreement are not regarded as a working 

interest.



[48 FR 26766, June 10, 1983. Redesignated and amended at 48 FR 36587, 

Aug. 12, 1983; 51 FR 34603, Sept. 30, 1986]