Okla. Stat. tit. 52, § 52-581.6
This is the official text of Okla. Stat. tit. 52, § 52-581.6, 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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Election to market share - Effect
Official statutory text
An election to market share pursuant to the terms of the Natural
Gas Market Sharing Act grants to any producing owner thereby
required to share its market the authority to market its
proportionate share of gas attributable to the working interest of
such electing owner during the term of that election without further
notice or consent. Nothing in the Natural Gas Market Sharing Act
shall be construed to:
1. Prevent any owner from receiving the price agreed upon by
contract or to prevent any owner from taking its share of production
in kind or separately disposing of its share;
2. Eliminate or otherwise affect the rights and remedies
available to any operator or any other owner against any owners,
including operators, who either default or fail to pay their
proportionate share of the well or operating costs; or
3. Diminish the existing rights of each owner to ultimately
receive its share of gas disposed or sold from the well.
Gas Market Sharing Act grants to any producing owner thereby
required to share its market the authority to market its
proportionate share of gas attributable to the working interest of
such electing owner during the term of that election without further
notice or consent. Nothing in the Natural Gas Market Sharing Act
shall be construed to:
1. Prevent any owner from receiving the price agreed upon by
contract or to prevent any owner from taking its share of production
in kind or separately disposing of its share;
2. Eliminate or otherwise affect the rights and remedies
available to any operator or any other owner against any owners,
including operators, who either default or fail to pay their
proportionate share of the well or operating costs; or
3. Diminish the existing rights of each owner to ultimately
receive its share of gas disposed or sold from the well.
Status: in_force · Read it on the official government site
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