§ 27-568 – Delivery of oil to purchaser
27-568. Delivery of oil to purchaser Royalty oil sold pursuant to section 27-567 shall be delivered to the buyer at the earliest time following the declaration of the highest and best bidder and payment to the department.
§ 27-569 – Prohibitions on resale
27-569. Prohibitions on resale Sale of royalty oil under this article is for processing or use in the purchaser’s refineries but not for resale in kind. Agreements providing for the exchange of refinery charge stocks on a volume or equivalent value basis are not a resale in kind prohibited by this section. If an exchange […]
§ 27-570 – Bond and penalties; waiver
27-570. Bond and penalties; waiver A. If the department requires a bond to guarantee performance by the buyer, the amount shall be based on the average price of royalty oil sold in this state during the preceding month. If no royalty oil was sold in this state during the preceding month, the amount of the […]
§ 27-571 – Inspecting well records; trade secrets; confidentiality; definition
27-571. Inspecting well records; trade secrets; confidentiality; definition A. The state land commissioner or the commissioner’s agent may inspect any well records that are required to be filed with the oil and gas conservation commission but shall keep confidential all information that is not subject to inspection as provided by section 27-522. B. For the […]
§ 27-564 – Receipt and sale of royalty oil
27-564. Receipt and sale of royalty oil A. The department on its initiative and with the approval of the selection board may elect to receive royalty oil in kind from a lessee in lieu of a cash royalty, and the department may resell such royalty oil in the manner provided by the selection board. B. […]
§ 27-565 – Application to purchase royalty oil
27-565. Application to purchase royalty oil A. An Arizona refinery business may apply to the department to purchase royalty oil which the department elects to receive from a lessee. The application shall be filed not more than fifteen weeks nor less than thirteen weeks before the date of sale of the royalty oil by the […]
§ 27-566 – Notice to lessee of election; storage
27-566. Notice to lessee of election; storage A. Not less than eleven weeks before the sale of royalty oil by the department, the department shall give the lessee written notice of the department’s election to receive the quantity of royalty oil on the date specified by the department. B. If the notice of election is […]
§ 27-567 – Sales of royalty oil
27-567. Sales of royalty oil A. The royalty oil which the department receives pursuant to an election under section 27-564 shall be offered for sale by the department at 10:00 a.m. on the date of delivery of the royalty oil to the department. B. The application fee and procedure for sale shall be as prescribed […]
§ 27-553 – Leasing state lands for oil and gas
27-553. Leasing state lands for oil and gas The department may lease state lands for oil and gas and issue oil and gas leases as provided in this article.
§ 27-554 – Designation of known geological structures of producing oil and gas fields
27-554. Designation of known geological structures of producing oil and gas fields A. The department shall from time to time determine and designate the known geological structures of producing oil and gas fields. The determinations and designations shall be published twice in a newspaper of general circulation in the state, the last publication to be […]