§ 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 […]
§ 27-555.01 – Extension of lease due to lack of transportation, processing facilities or market
27-555.01. Extension of lease due to lack of transportation, processing facilities or market A. When the owner of an oil and gas lease issued pursuant to this chapter has discovered oil or gas on the leased premises or on lands joined therewith in a cooperative or pooled unit, while the lease is in full force […]
§ 27-556 – Lease of state lands located within known geological structure of producing oil or gas field; sealed bids; call for bids; publication; lease extension; provisions of lease; acreage limitation
27-556. Lease of state lands located within known geological structure of producing oil or gas field; sealed bids; call for bids; publication; lease extension; provisions of lease; acreage limitation When state lands are located within a known geological structure of a producing oil or gas field, as determined pursuant to section 27-554, the lands shall […]
§ 27-557 – Unit operations; unit agreements
27-557. Unit operations; unit agreements A. Each lease issued under the provisions of this article shall provide that the lessee, insofar as its interest in the lease is affected, may join in cooperative or unit plans for the exploration, development and operation of oil and gas pools with the United States, its agencies and its […]
§ 27-558 – Conservation laws
27-558. Conservation laws The development of oil and gas leases issued pursuant to this article shall be in accordance with the laws of the state relating to the conservation of oil and gas.
§ 27-559 – Development of water for use in operations; taking over well which yields fresh water
27-559. Development of water for use in operations; taking over well which yields fresh water A. A lessee shall have the right to develop water for use in its operations subject to the applicable laws of the state pertaining to drilling water wells and using water produced therefrom. B. If any well drilled for oil […]
§ 27-534 – Unlawful operation
27-534. Unlawful operation From and after the effective date of an order of the commission creating a unit and prescribing the plan of unitization applicable thereto, the operation of any well producing from the pool or portion thereof within the unit area defined in the order by persons other than the unit or persons acting […]
§ 27-560 – Surface use by lessee; liability for damages; bond; appraisal of damages; appeal
27-560. Surface use by lessee; liability for damages; bond; appraisal of damages; appeal The lessee shall have the right to use as much of the surface of the lands as reasonably necessary for its operations under the lease. The lessee shall be liable for damage caused by it to the state’s interest in the surface […]
§ 27-535 – Status and powers of unit; liability and expenses; lien
27-535. Status and powers of unit; liability and expenses; lien A. The obligation or liability of the lessees or other owners of the oil and gas rights in the several separately owned tracts for the payment of unit expense shall at all times be several and not joint or collective and in no event shall […]
§ 27-561 – Assignment of lease; recording
27-561. Assignment of lease; recording A. In event of the assignment of a lease as to a segregated portion of the land covered thereby, the rentals payable thereunder shall be apportionable between the several leasehold owners ratably according to the surface area of each. Default in rental payment by one shall not affect the rights […]