Okla. Stat. tit. 52, § 52-570.7
This is the official text of Okla. Stat. tit. 52, § 52-570.7, 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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Out-of-balance wells
Official statutory text
A. For purposes of the Production Revenue Standards Act a well
is out of balance when cumulative gas sales on a volumetric basis
for the account of all owners in a well have not been made in
proportion to the respective net revenue interest of each owner.
B. In a well wherein the cumulative gas production accounts of
royalty interest owners are out of balance, producing owners in that
Oklahoma Statutes - Title 52. Oil and Gas Page 238
well may agree to have the distribution of gas royalty proceeds
among the royalty interest owners made in a manner other than
according to their proportionate royalty shares, provided that:
1. Such variance shall only be permitted to the extent required
to balance the cumulative gas production accounts of the royalty
interest owners; and
2. Prior notice thereof is given to the royalty interest owners
affected thereby, and to the operator along with any ongoing
information necessary for the operator to discharge its duties.
C. Nothing in this section shall be construed to impair any
rights to balancing which may exist by contract or law.
is out of balance when cumulative gas sales on a volumetric basis
for the account of all owners in a well have not been made in
proportion to the respective net revenue interest of each owner.
B. In a well wherein the cumulative gas production accounts of
royalty interest owners are out of balance, producing owners in that
Oklahoma Statutes - Title 52. Oil and Gas Page 238
well may agree to have the distribution of gas royalty proceeds
among the royalty interest owners made in a manner other than
according to their proportionate royalty shares, provided that:
1. Such variance shall only be permitted to the extent required
to balance the cumulative gas production accounts of the royalty
interest owners; and
2. Prior notice thereof is given to the royalty interest owners
affected thereby, and to the operator along with any ongoing
information necessary for the operator to discharge its duties.
C. Nothing in this section shall be construed to impair any
rights to balancing which may exist by contract or law.
Status: in_force · Read it on the official government site
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