Okla. Stat. tit. 52, § 52-557
This is the official text of Okla. Stat. tit. 52, § 52-557, 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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Conditions for oil well plugging approval
Official statutory text
The Corporation Commission shall not finally approve the
plugging of any well until the designated operator of such well
Oklahoma Statutes - Title 52. Oil and Gas Page 232
files an affidavit stating that all monies arising out of the
production or operation of such well:
1. have been paid to the rightful recipients over which said
operator exercises control; or
2. are being held in escrow; or
3. have been transmitted to the Corporation Commission pursuant
to the provisions of Sections 551 through 558 of this title.
If any monies have not been paid as a result of being unable to
locate the owner of such monies after the exercise of due diligence,
or if any monies remain in escrow accounts, such monies shall be
deposited immediately into the Mineral Owner's Fund. If any
plugging bond has been submitted by the designated operator to the
Corporation Commission, it shall not be released until the
requirements of this section are met.
plugging of any well until the designated operator of such well
Oklahoma Statutes - Title 52. Oil and Gas Page 232
files an affidavit stating that all monies arising out of the
production or operation of such well:
1. have been paid to the rightful recipients over which said
operator exercises control; or
2. are being held in escrow; or
3. have been transmitted to the Corporation Commission pursuant
to the provisions of Sections 551 through 558 of this title.
If any monies have not been paid as a result of being unable to
locate the owner of such monies after the exercise of due diligence,
or if any monies remain in escrow accounts, such monies shall be
deposited immediately into the Mineral Owner's Fund. If any
plugging bond has been submitted by the designated operator to the
Corporation Commission, it shall not be released until the
requirements of this section are met.
Status: in_force · Read it on the official government site
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