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API FORM 5UO2

Model Form of Unit Operating Agreement

inactive
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Organization: API
Publication Date: 1 January 1961
Status: inactive
Page Count: 36
scope:

FOREWORD

The Model Form of Unit Operating Agreement and its companion Model Form of Unit Agreement are designed for use in oil or condensate fields where development of the productive area is essentially complete. Their purpose is to accomplish voluntary unitization in order to conduct some form of pressure maintenance or secondary-recovery operation that will increase ultimate recovery.

Users are cautioned that these forms must be adapted to meet specific conditions in and to the area being unitized. To meet conditions that exist in some fields, or to meet requirements of different states, some alternate paragraphs are contained in the supplements at the end of the model forms. Whenever the notation "(See Supplement)" appears beside an article heading, refer to the Supplement for suggested alternate sections.

The model forms have been drafted by the Subcommittee on Unitization (of the API Steering Committee on Production Practice) composed of operating and legal representatives from all producing areas of the United States.

Document History

June 1, 1993
Model Form of Voluntary Unit Operating Agreement
FOREWORD The API Model Form of Voluntary Unit Operating Agreement and the companion Model Form of Voluntary Unit Agreement date back to the First Editions, January 1957. The First Editions were...
June 1, 1993
Model Form of Voluntary Unit Operating Agreement
FOREWORD The API Model Form of Voluntary Unit Operating Agreement and the companion Model Form of Voluntary Unit Agreement date back to the First Editions, January 1957. The First Editions were...
API FORM 5UO2
January 1, 1961
Model Form of Unit Operating Agreement
FOREWORD The Model Form of Unit Operating Agreement and its companion Model Form of Unit Agreement are designed for use in oil or condensate fields where development of the productive area is...
January 1, 1957
MODEL FORM OF UNIT OPERATING AGREEMENT
FORE'VORD This Model Form of Unit Operating Agreement, as well as the Model ForIg. of Unit Agreement, has been formulated by the Subcommittee on Unit Agreements (of the API Steering Committee on...
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