(a) The commissioner shall require the filing and approval of a plan of development and operation on a geothermal system that includes state land.
lawyer at desk

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Alaska Statutes 41.06.030

  • correlative rights: means the right of an owner of each property in a geothermal system to produce without waste the owner's just and equitable share of the geothermal resources in the geothermal system. See Alaska Statutes 41.06.060
  • geothermal system: means a stratum, pool, reservoir, or other geologic formation containing geothermal resources. See Alaska Statutes 41.06.060
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(b) Lessees of all or part of a geothermal system that includes state land may enter into a unit agreement for cooperative development, with the approval of the commissioner. The commissioner may suspend or modify the approved development plan in accordance with the unit agreement.
(c) If the owners of at least two-thirds of the leasehold interests in a geothermal system ratify a unit agreement approved under (b) of this section by the commissioner, the commissioner may enforce the agreement as to lessees not a party to the agreement by allocating production under the principle of correlative rights and by apportioning costs and revenues.
(d)[Repealed, Sec. 18 ch 38 SLA 2010].
(e) The commissioner may adopt regulations under Alaska Stat. Chapter 44.62 to carry out the purposes and intent of this chapter for duties assigned to the department, including the promotion of maximum economic recovery.
  Previous section
Next section  
 Chapter 6 Contents