Any operation on any portion of the unit area, including, but not limited to, the drilling or operation of a well, is considered for all purposes the conduct of the same operation on the whole unit area. The portion of unit production allocated to a separately owned tract in a unit area is considered for all purposes to actually have been produced from a well drilled upon that tract. An operation conducted pursuant to a board rule adopted or order issued under ORS § 522.405 constitutes a fulfillment of all express or implied obligations under each lease or contract covering lands in the unit area. [1981 c. 588 § 17]

Terms Used In Oregon Statutes 522.495

  • Board: means the governing board of the State Department of Geology and Mineral Industries. See Oregon Statutes 522.005
  • Contract: A legal written agreement that becomes binding when signed.
  • Drilling: includes drilling, redrilling and deepening of a geothermal well. See Oregon Statutes 522.005
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Unit area: means the area described in a unit agreement that constitutes the land subject to development under the agreement. See Oregon Statutes 522.005
  • Unit production: means all geothermal resources produced from a unit area from the effective date of a unit agreement approved by the board under ORS § 522. See Oregon Statutes 522.005

 

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