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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 11. Natural Resources. |
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Part 11.1. Office of the Commissioner. |
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Chapter 11.83. Oil and Gas Leasing. |
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Article 11.83.1. General Oil and Gas Lease Provisions. |
Section 11.83.223. Unitization.
Latest version.
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If all or part of a NPSL is included within a participating area of a unit, a cooperative drilling agreement, or other similar arrangement, such that production (in kind or in value) or expenses are attributed to the NPSL for activities of the unit, any formula or method of allocation governing the attribution of that production or expenses must be approved by the commissioner before it may take effect, unless that formula or other method of allocation is imposed and mandated by the Oil and Gas Conservation Commission under AS 31.
Authorities
38.05.020;38.05.180