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Simple English definitions for legal terms

unitization

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A quick definition of unitization:

Unitization: In the oil and gas industry, unitization means bringing together all the wells in a particular area to work together for better production. This is usually done when the primary production starts to decrease, and it helps to make secondary recovery operations more efficient. It is also done to follow state laws about well-spacing. When unitization is done by order of a regulatory agency, it is called forced unitization, and when it is arranged by agreement of the owners of mineral interests, it is called voluntary unitization.

A more thorough explanation:

Definition: Unitization refers to the process of collecting producing wells over a reservoir for joint operations, especially for enhanced-recovery techniques in the oil and gas industry. It is usually carried out after primary production has declined significantly to allow efficient secondary-recovery operations. Unitization is also done to comply with well-spacing requirements established by state law or regulation. Unlike pooling, which is associated with drilling a single well and operating that well by primary-production techniques.

Examples:

  • Compulsory Unitization: This is unitization done by order of a regulatory agency. For instance, if the owners of mineral interests in a reservoir cannot agree on how to operate the wells jointly, a regulatory agency may order compulsory unitization to ensure efficient recovery of the resources.
  • Voluntary Unitization: This is unitization arranged by agreement of the owners of mineral interests. For example, if several companies own mineral rights in a reservoir, they may voluntarily agree to unitize their operations to reduce costs and increase efficiency.

The examples illustrate how unitization can be done either voluntarily or compulsorily to ensure efficient recovery of resources in a reservoir. It is a process that involves joint operations of producing wells to enhance recovery techniques and comply with state laws or regulations.

Uniting and Strengthening America | unitization clause

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yeah there are so many good cuisines in ithaca
renard99
22:31
@lilypadfrog: that’s a pity I’da be liking them all
texaslawhopefully
22:31
Only food I’m going to miss for sure if I leave Texas is texmex
22:31
waspy hasnt had thai food in ithaca yet. ithaca thai is so good
^^^^ truuuuuu
22:32
there are two major thai places and they have very similar names bc a divorced husband and wife own them lol
22:32
personally i think taste of thai is better than taste of thai express but thats just me
i had pho tho and it was really good and huge portions
texaslawhopefully
22:32
Glad they have good Thai food, I love Thai food! Can’t wait to visit :)
22:33
when tex goes to ithaca i want to come
Dkk
22:34
Crying Tiger, best Thai dish.
damn im so hungry all i had today was a curry tonkatsu and buldak
and it was a lil baby noodle cup
vvv hungry
22:36
curry tonkatsu so yummeh
22:36
whats even open rn? pizza?
CTB is it i think
22:37
is collegetown pizza not open
22:37
i used to get a slice from there or wings over at like 1am after my shift at the restaurant
Dkk
22:48
Ross Ulbricht free. God Bless Trump. Huge win.
JeremyFragrance
22:54
agreed
texaslawhopefully
22:55
This is an interesting read: https://thedispatch.com/article/birthright-citizenship-trump-implications/
Dkk
23:01
I mean, idk how it's possible to end birth right citizenship without amending the constitution because to me the 14th amendment is pretty clear about it.
ross ulbricht tried to hire a hitman to kill 5 people
i am not that sympathetic to him
Dkk
23:04
@KnowledgeableRitzyWasp: That might have been an FBI agent. It was most likely him and he was most likely doing it to retrieve stolen funds that corrupt FBI agents stole, but yeah moral gray area but me personally, cool with hitmen. It's not like it is uncommon to hire hitmen. I don't think the action itself is necessarily wrong but the intent behind it can be.
Dkk
23:05
Like, Boeing whistblowers being killed by hitmen = wrong but a guy hiring hitmen to retrieve stolen funds = good to me.
texaslawhopefully
23:05
@Dkk: Yeah, for sure. My guess is it'll go to SCOTUS and it'll be 8-1 or 7-2, saying that EO was unconstitutional.
Dkk
23:06
Indeed. I need a count for how many exectuive orders he has signed and how many already have pending lawsuits.
i've been away for a while what were the most recent waves? any this week?
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