43 CFR 3137.130 – Under what circumstances will BLM approve a voluntary termination of the unit?
Current as of: 2024 | Check for updates
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BLM will approve the voluntary termination of the unit at any time—
(a) Before the unit operator discovers production sufficient to establish a participating area; and
(b) The unit operator submits to BLM certification that at least 75 percent of the operating rights owners in the unit agreement, on a surface acreage basis, agree to the termination.