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Unitization is the process of combining individual resources or assets into a single, cohesive unit for management or operational purposes. This approach is commonly used in industries like oil and gas to optimize the extraction of resources from a reservoir by coordinating development and production efforts among multiple stakeholders. By unitizing, companies can improve efficiency, reduce costs, and enhance recovery rates, ensuring that resources are utilized effectively. Overall, unitization promotes collaboration and maximizes the economic value of shared assets.

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3w ago

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