49 Unit operation
pursuant to an agreement, interests in a mineral are merged, pooled,
consolidated or integrated as a single unit, without regard to the
boundaries of the separate parcels, for the purposes of
(a) the development or productio n of the mineral within, on or
under the parcels, or any specified stratum or strata or
portion thereof within the parcels, or
(b) the implementing of a progr am for the conservation of the
mineral, or the co-ordinated management of interests in the
mineral.
(2) If a person enters into an agreement for a unit operation, that
person may file a copy of that agreement with the Registrar.
(3) When an agreement is filed with the Registrar under subsection
(2), the Registrar shall endorse a memorandum of that agreement
RSA 2000
on the certificates of title of all the land specified in the agreement
as being subject to the unit operation.
(4) Where there is filed with the Registrar
(a) a discharge in respect of an agreement for a unit operation
that
(i) is executed by the person who is the unit operator, and
(ii) specifies the land to which the discharge applies,
a n d
(b) an affidavit of the unit operator stating
(i) that the unit operator is the unit operator for the
agreement,
(ii) that the unit operator has the authority pursuant to the
agreement or a collateral agreement to discharge the
agreement in respect of the land specified in the
discharge, and
(iii) that the unit operator has given notice of the intention to
effect a discharge to the parties that will be affected by
the discharge,
the Registrar shall, in accordance with the discharge, cancel the
registration of the agreement for the unit operation in respect of the
land specified in the discharge.
RSA 1980 cL-5 s53;1988 c27 s26