Section 15.55.815. Lease or property.

Except as otherwise provided under 15 AAC 55.206(d) - (f), and for purposes of AS 43.55  and this chapter, each of the following is a single lease or property:  
		(1) a participating area established in a unit under regulations of the Department of Natural Resources adopted under AS 38.05.180(p) or under regulations of the United States Department of the Interior adopted under 30 U.S.C. 226(m) (Mineral Leasing Act of 1920) or 42 U.S.C. 6506a(j) (Naval Petroleum Reserves Production Act of 1976), except that if separate participating areas have been established to distinguish between an oil rim and a gas cap within the same reservoir, both participating areas together are a single lease or property;  
		(2) a unit that is not subject to a cooperative or a unit plan of development or operation under AS 38.05.180(p), 30 U.S.C. 226(m) (Mineral Leasing Act of 1920), or 42 U.S.C. 6506a(j) (Naval Petroleum Reserves Production Act of 1976);  
		(3) a group of oil and gas leases, unleased tracts of land, or portions of oil and gas leases or unleased tracts of land that  
			(A) are pooled under a communitization or drilling agreement approved by the commissioner of natural resources under AS 38.05.180(s) or by the United States Secretary of the Interior under 30 U.S.C. 226(m) (Mineral Leasing Act of 1920) or 42 U.S.C. 6506a(j) (Naval Petroleum Reserves Production Act of 1976), or the interests in which are pooled under AS 31.05.100(c); and  
			(B) are outside a unit;  
		(4) except as otherwise provided under (6) of this section, an oil and gas lease or unleased tract of land as to the operating right, operating interest, or working interest in the mineral interest in the unleased tract of land, if the oil and gas lease or unleased tract of land  
			(A) is outside a participating area described in (1) of this section;  
			(B) is outside a unit described in (2) of this section; and  
			(C) is not pooled as described in (3) of this section;  
		(5) the portion of an oil and gas lease, or portion of unleased tract of land as to the operating right, operating interest, or working interest in the mineral interest in the unleased tract of land, that (A) is outside a participating area described in (1) of this section; (B) is outside a unit described in (2) of this section; and (C) is not pooled as described in (3) of this section, if the remaining portion is in a participating area as described in (1) of this section, or is in a unit described in (2) of this section, or is pooled as described in (3) of this section;  
		(6) a group of oil and gas leases or unleased tracts of land described in (4) of this section that the department determines are being operated together in a manner similar to the operation of a unit, participating area, or group of pooled oil and gas leases or unleased tracts of land.  

Authorities

43.05.080;43.55.011;43.55.030;43.55.110;43.55.160;43.55.165;43.55.900

Notes

Authority

AS 43.05.080 AS 43.55.011 AS 43.55.030 AS 43.55.110 AS 43.55.160 AS 43.55.165 AS 43.55.900

History

Eff. 12/25/2013, Register 208