Canada Oil and Gas Operations Act

Marginal note:Definitions

29 In this Part,

pooled spacing unit

unité d’espacement mise en commun

pooled spacing unit means the area that is subject to a pooling agreement or a pooling order; (unité d’espacement mise en commun)

pooled tract

parcelle mise en commun

pooled tract means the portion of a pooled spacing unit defined as a tract in a pooling agreement or a pooling order; (parcelle mise en commun)

pooling agreement

accord de mise en commun

pooling agreement means an agreement to pool the interests of owners in a spacing unit and to provide for the operation or the drilling and operation of a well thereon; (accord de mise en commun)

pooling order

arrêté de mise en commun

pooling order means an order made under section 31 or as altered pursuant to section 35; (arrêté de mise en commun)

royalty interest

droit à redevance

royalty interest means any interest in, or the right to receive a portion of, any oil or gas produced and saved from a field or pool or part of a field or pool or the proceeds from the sale thereof, but does not include a working interest or the interest of any person whose sole interest is as a purchaser of oil or gas from the pool or part thereof; (droit à redevance)

royalty owner

titulaire de redevance

royalty owner means a person, including Her Majesty in right of Canada, who owns a royalty interest; (titulaire de redevance)

spacing unit

unité d’espacement

spacing unit means the area allocated to a well for the purpose of drilling for or producing oil or gas; (unité d’espacement)

tract participation

fraction parcellaire

tract participation means the share of production from a unitized zone that is allocated to a unit tract under a unit agreement or unitization order or the share of production from a pooled spacing unit that is allocated to a pooled tract under a pooling agreement or pooling order; (fraction parcellaire)

unit agreement

accord d’union

unit agreement means an agreement to unitize the interests of owners in a pool or a part of a pool exceeding in area a spacing unit, or such an agreement as varied by a unitization order; (accord d’union)

unit area

secteur unitaire

unit area means the area that is subject to a unit agreement; (secteur unitaire)

unit operating agreement

accord d’exploitation unitaire

unit operating agreement means an agreement, providing for the management and operation of a unit area and a unitized zone, that is entered into by working interest owners who are parties to a unit agreement with respect to that unit area and unitized zone, and includes a unit operating agreement as varied by a unitization order; (accord d’exploitation unitaire)

unit operation

exploitation unitaire

unit operation means those operations conducted pursuant to a unit agreement or a unitization order; (exploitation unitaire)

unit operator

exploitant unitaire

unit operator means a person designated as a unit operator under a unit operating agreement; (exploitant unitaire)

unit tract

parcelle unitaire

unit tract means the portion of a unit area that is defined as a tract in a unit agreement; (parcelle unitaire)

unitization order

arrêté d’union

unitization order means an order of the Committee made under section 41; (arrêté d’union)

unitized zone

terrain

unitized zone means a geological formation that is within a unit area and subject to a unit agreement; (terrain)

working interest

intérêt économique direct

working interest means a right, in whole or in part, to produce and dispose of oil or gas from a pool or part of a pool, whether that right is held as an incident of ownership of an estate in fee simple in the oil or gas or under a lease, agreement or other instrument, if the right is chargeable with and the holder thereof is obligated to pay or bear, either in cash or out of production, all or a portion of the costs in connection with the drilling for, recovery and disposal of oil or gas from the pool or part thereof; (intérêt économique direct)

working interest owner

détenteur

working interest owner means a person who owns a working interest. (détenteur)