Re: ...it's that time again/ say slowly..u n i t i z a t i o n
in response to
by
posted on
Jan 20, 2009 04:12PM
Developing large acreage positions of unconventional and conventional oil and gas resources
>Why do you think some BCGA's are drilled on 40 acre spacing's while some are drilled on 10? It is because each play is geologically different and should be treated as such. In other words, if it one unit, the different parties involved won't be doing different development plans that waste resources and limit recovery.
The Pinedale Anticline is part of a BCGA is it not? (answer: yes)
The operations in the Pinedale Anticline and Atlantic Rim operate under federal exploratory unit agreements between the working interest partners. Unitization is a type of sharing arrangement by which owners of operating and non-operating working interests pool their property interests in a producing area to form a single operating unit. Units are designed to improve efficiency and economics of developing and producing an area.