MLchartDataset catalogue

Unitized production

Term · Oil and gas · MLC-T-OAG-004488

The combined operation and allocation of production from a reservoir that extends across multiple lease boundaries. Under a unitization agreement, the entire field is developed and managed as a single entity to maximize recovery, with revenues distributed to interest owners based on a pre-agreed formula. This approach is common for implementing enhanced oil recovery projects like waterflooding or gas injection.

Table 1. Record
IdentifierMLC-T-OAG-004488
FieldOil and gas
SubjectWell Testing
Record as JSON 
{
  "id": "MLC-T-OAG-004488",
  "term": "Unitized production",
  "field": "Oil and gas",
  "definition": "The combined operation and allocation of production from a reservoir that extends across multiple lease boundaries. Under a unitization agreement, the entire field is developed and managed as a single entity to maximize recovery, with revenues distributed to interest owners based on a pre-agreed formula. This approach is common for implementing enhanced oil recovery projects like waterflooding or gas injection.",
  "subject": "Well Testing",
  "url": "https://mlchart.com/terminology/oil-and-gas/unitized-production/"
}

Record 4,238 of 4,468 in Oil and gas terminology (MLC-0103). Request the full dataset.