US Lawyer Database

§ 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 […]

§ 27-535 – 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 […]

§ 27-536 – Modification of property rights, leases and contracts; title to property; distribution of proceeds; delivery in kind; effect of operations; matters not affected

27-536. Modification of property rights, leases and contracts; title to property; distribution of proceeds; delivery in kind; effect of operations; matters not affected A. Property rights, leases, contracts and all other rights and obligations shall be regarded as amended and modified to the extent necessary to conform to the provisions and requirements of this article, […]

§ 27-562 – Surrender

27-562. Surrender A lessee may surrender any part or all of the lands covered by the lease at any time upon payment to the department of all amounts then due as to the lands surrendered, but no refund of any part of the cash consideration or rental theretofore paid shall be made to the lessee […]

§ 27-537 – Enlargement of area; creation of new units; amendment of plan

27-537. Enlargement of area; creation of new units; amendment of plan The unit area of a unit may be enlarged to include adjoining portions of the same pool, including the unit area of another unit, and a new unit created for the unitized management, operation and further development of such enlarged unit area, or the […]

§ 27-563 – Payment of noncompetitive lease royalties in kind or cash

27-563. Payment of noncompetitive lease royalties in kind or cash Royalties payable to this state under section 27-555, subsection B are payable in kind or in cash at the option and demand of the department. The lessee shall pay royalties in cash unless the department elects to receive royalty oil in kind pursuant to this […]

§ 27-538 – Federal taxation

27-538. Federal taxation Any unit agreement approved by the commission shall contain language suggested by the internal revenue service under I.T. 3930 and I.T. 3948 so that owners in the unitized area will not be held taxable as a corporation.