Okla. Stat. tit. 52, § 52-474
This is the official text of Okla. Stat. tit. 52, § 52-474, part of Oklahoma’s Stat. tit. 52, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 52,." Browse the sections below, each linked to its official government source.
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Sales, purchases and deliveries - Adjustment of contract
Official statutory text
prices.
Each and every sale, and each and every purchase, delivery and
receipt of gas by volume hereafter made in this state by, for or on
behalf of an oil and gas lease owner, royalty owner thereunder, or
other mineral interest owner, shall be made and such gas shall be
measured, calculated, purchased, delivered and accounted for on the
basis of "a standard cubic foot of gas" as defined in Section 2, and
as determined under this act. Whenever the provisions of this act
operate to change the basis of measurement provided for in existing
contracts, then the price for gas, including royalty gas, provided
for in such contracts shall, if either the purchaser or seller so
desires, be adjusted to compensate for the change in the method of
measuring the volume of gas delivered thereunder. This provision is
intended to protect parties to contracts now in existence, so that
after this act becomes effective the total amount of money paid for
a volume of gas purchased, or required to be accounted for, under
existing contracts shall remain unaffected by this act.
Nothing in this section shall affect or apply to purchases or
sales made on any basis other than a volume basis.
Each and every sale, and each and every purchase, delivery and
receipt of gas by volume hereafter made in this state by, for or on
behalf of an oil and gas lease owner, royalty owner thereunder, or
other mineral interest owner, shall be made and such gas shall be
measured, calculated, purchased, delivered and accounted for on the
basis of "a standard cubic foot of gas" as defined in Section 2, and
as determined under this act. Whenever the provisions of this act
operate to change the basis of measurement provided for in existing
contracts, then the price for gas, including royalty gas, provided
for in such contracts shall, if either the purchaser or seller so
desires, be adjusted to compensate for the change in the method of
measuring the volume of gas delivered thereunder. This provision is
intended to protect parties to contracts now in existence, so that
after this act becomes effective the total amount of money paid for
a volume of gas purchased, or required to be accounted for, under
existing contracts shall remain unaffected by this act.
Nothing in this section shall affect or apply to purchases or
sales made on any basis other than a volume basis.
Status: in_force · Read it on the official government site
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