§ 3641. — 3641. (Added by Stats. 1971, Ch. 1673.)

California § 3641.

• Jurisdiction: California
• Code PRC: Public Resources Code - PRC
• Div. 3.: DIVISION 3. OIL AND GAS
• Ch. 3.5.: CHAPTER 3.5. Unit Operation
• Art. 3.: ARTICLE 3. Unit Agreements

Text

An agreement for the management, development, and operation of two or more tracts of land in the same field or in the same producing or prospective pool as a unit without regard to separate ownerships, and for the allocation of benefits and costs on a basis set forth in such agreement, shall be valid and binding upon those who consent thereto and may be filed with the supervisor for approval. However, unless and until the agreement qualifies for approval, and is approved, by the supervisor persons who do not consent thereto shall not be bound thereby, nor shall their rights be affected thereby.

Legislative History

Added by Stats. 1971, Ch. 1673.