Prudhoe Bay Unit of Alaska Law and Legal Definition

According to 15 USCS § 3301 (36), [Title 15. Commerce and Trade; Chapter 60. Natural Gas Policy] the term Prudhoe Bay Unit of Alaska means “the geographic area subject to the voluntary unit agreement approved by the Commissioner of the Department of Natural Resources of the State of Alaska on June 2, 1977, and referred to as the "affected area" in Conservation Order No. 145 of the Alaska Oil and Gas Conservation Committee, Division of Oil and Gas Conservation, Department of Natural Resources of the State of Alaska, as such order was in effect on June 1, 1977, and determined without regard to any adjustments in the description of the affected area permitted to be made under such order.”