California Law (Last Updated: March 4, 2014) |
Public Resources Code - PRC |
Division 3. OIL AND GAS |
Chapter 3.5. Unit Operation |
ARTICLE 3. Unit Agreements |
Section 3646.
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The supervisor's order shall include fair and reasonable provisions for all of the following:
(a) The date when all tracts of land not theretofore committed to the unit shall be subject to unit operation, which date shall not be earlier than the first day of the month following the effective date of the supervisor's order.
(b) Provision for the carrying or otherwise financing of any persons who request the same and who the supervisor determines are unable to meet their financial obligations in connection with the unit operation, allowing a reasonable interest charge to those who carry or finance such obligations.
(c) Such additional provisions which the supervisor determines to be appropriate for bringing into the unit area on a fair and reasonable basis tracts of land and interests not theretofore committed to the unit agreement.