A concurrence, between owners of adjoining lands, on the location of their common boundaries, defined in the exercise of good judgment by the parties to the stipulation as needed for interpretation by disinterested persons, including one qualified in land surveying, and as ordinarily required in a deed, subject to judicial opinion in the event of ambiguity or controversy.
Combining with other owners under a formal arrangement approved by the authorized officer (i.e. unit, LMU, etc.) for the development of any mineral resources or for exploration and/or development purposes. Includes land exchange agreements, which are legally binding documents that identify the estate to be exchanged, all reservations, money transactions, and all other terms and conditions which the respective parties have agreed to perform.