§ 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 […]
§ 27-602 – Extension of expiration date
27-602. Extension of expiration date The governor is authorized, for and in the name of the state, to execute agreements for the further extension of the expiration date of the interstate compact to conserve oil and gas, and to determine if and when it is to the best interest of the state to withdraw from […]
§ 27-603 – Official representative
27-603. Official representative The governor shall be the official representative of the state on the interstate oil compact commission provided for in the compact, and shall exercise and perform for the state all the powers and duties as a member of the commission. The governor may appoint an assistant representative who shall act in his […]
§ 27-651 – Definitions
27-651. Definitions In this article, unless the context otherwise requires: 1. " Commission" means the oil and gas conservation commission. 2. " Completion" or " completed well" means a well that has produced or is capable of producing geothermal resources or has been determined to be a dry hole, temporarily abandoned or plugged and abandoned, […]
§ 27-652 – Supervision by commission
27-652. Supervision by commission A. The commission shall so supervise the drilling, operation, maintenance and abandonment of geothermal resource wells as to encourage the greatest ultimate economic recovery of geothermal resources, to prevent damage to and waste from underground geothermal reservoirs, to prevent damage to or contamination of any waters of the state or any […]
§ 27-653 – Information; filing; confidentiality
27-653. Information; filing; confidentiality The commission shall collect all information regarding all wells drilled in the state for geothermal resources and necessary for the purpose of supervision of such wells. All such data shall be filed in the commission office and, upon request of the operator, shall be kept confidential for a period of not […]
§ 27-654 – Drilling bond; amount; responsibility
27-654. Drilling bond; amount; responsibility A. The commission shall require every person who engages in the drilling, ownership or operation of a well, or the entering or deepening of an abandoned well, to file with the commission, on a form to be determined by the commission, a reasonable bond with good and sufficient security conditioned […]