522.0824 - Voluntary unitization; petition for compulsory unitization. - Nevada Statutes

522.0824  Voluntary unitization; petition for compulsory unitization.

      1.  To prevent, or to assist in preventing waste, as prohibited by this chapter, to ensure a greater ultimate recovery of oil and gas, and to protect the correlative rights of persons owning interests in the tracts of land affected, those persons may validly integrate their interests to provide for the unitized management, development and operation of those tracts of land as a unit. Where those persons have not agreed so to integrate their interests, the Division, upon proper petition, after notice and hearing, shall make and enforce such orders and do such things as may be necessary or proper to carry out the purposes of NRS 522.0828 to 522.0878, inclusive.

      2.  The petition must set forth a description of the proposed unit area with a map or plat thereof attached, must allege the existence of the facts required to be found by the Division as provided in NRS 522.0828 and must have attached thereto a recommended plan of unitization applicable to the proposed unit area and which the petitioner considers to be fair, reasonable and equitable.

      (Added to NRS by 1983, 2072; A 1993, 1692)