US Lawyer Database

§ 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 […]

§ 27-658 – Notice of sale or conveyance of well or land

27-658. Notice of sale or conveyance of well or land A. The owner or operator of any well shall notify the commission in writing on such form as the commission may direct of the sale, assignment, transfer or conveyance or exchange by the owner or operator of such well and the land owned or leased […]

§ 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 […]

§ 27-659 – Application to drill

27-659. Application to drill The owner or operator of any property, before commencing the drilling of a well or entering or deepening an abandoned well, shall file with the commission an application to drill, on a form prescribed by the commission, containing such information as may be required by the commission. Such application shall be […]

§ 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 […]

§ 27-601 – Authorization to enter compact

27-601. Authorization to enter compact The governor is authorized and directed, for and in the name of the state, to join with the other states in the interstate oil compact to conserve oil and gas, which was executed in the city of Dallas, Texas, on February 16, 1935, and is now on deposit with the […]