unitization

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unitization

A system for controlling proliferation of oil and gas wells.Originally,property owners with oil or gas under their land would each dig one or more wells on their property and try to capture as much as they could of the underlying pool, which drained from many properties. One response was the passage of unitization laws by state governments,establishing spacing restrictions on wells and a sharing of profits and expenses among all the owners of the underground pool.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Another reason it's wise to unitize is the related costs associated with poorly unitized loads.
The smallest cartons are conveyed to a conventional fixed palletizer that neatly unitizes 663, 6.5-inch cartons onto a paperboard slip sheet.
The system that unitizes and protects the loads during long sea voyages has a floor-anchored design and a fully automated, 4,000-pound capacity conveyor system.
The "Classic" shrinkbundler collates, unitizes, wraps and safeguards a wide array of products.