NRS 522.0844 – Property acquired by unit is owned by lessees subject to management by unit.
All property, whether real or personal, which the unit may in any way acquire, hold or possess, may not be acquired, held or possessed by the unit for its own account but must be so acquired, held and possessed by the unit for the account and as agent of the several lessees and is the […]
NRS 522.0848 – Transfer of title to tracts and leases not required; proceeds and production are income of owners.
1. This chapter does not require a transfer to or vesting in the unit of title to the separately owned tracts or leases within the unit area, other than the right to use and operate them to the extent set out in the plan of unitization; nor may the unit be regarded as owning the […]
NRS 522.085 – Distribution of production; distribution in kind under certain circumstances.
1. The amount of the unit production allocated to each separately owned tract within the unit, and only that amount, regardless of the well or wells in the unit area from which it may be produced and regardless of whether it be more or less than the amount of the production from the well or […]
NRS 522.0854 – Expenses of unit: Liability of owners is several and limited to amount charged.
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 is at all times several and not joint or collective and in no event is a lessee or other owner of the oil and gas rights in […]
NRS 522.0858 – Expenses of unit: Lien for amount assessed; persons primarily responsible for payment; payment by persons not responsible; payment to royalty owners free of lien and expenses.
1. Subject to such reasonable limitations as may be set out in the plan of unitization, the unit has a first and prior lien upon the leasehold estate and all other oil and gas rights (exclusive of a one-eighth landowners’ royalty interest) in and to each separately owned tract, the interest of the owners thereof […]
NRS 522.086 – Operations under plan are considered fulfillment of provisions in contracts relating to pool in unit.
Operations carried on under and in accordance with the plan of unitization must be considered as a fulfillment of a compliance with all of the provisions, covenants and conditions, express or implied, of the several oil and gas leases upon lands included with the unit area, or other contracts pertaining to the development thereof insofar […]
NRS 522.0864 – Property rights, leases and contracts regarded as modified to conform to provisions of chapter and plan of unitization.
Property rights, leases, contracts and all other rights and obligations must be regarded as amended and modified to the extent necessary to conform to the provisions and requirements of this chapter and to any valid and applicable plan of unitization or order of the Division made and adopted pursuant to this chapter, but otherwise to […]
NRS 522.0868 – Plan approved by Division does not violate statutes prohibiting monopolies.
No agreement or plan for the development and operation of a field or pool of oil or gas as a unit, if approved by the Division for the purpose of conserving oil or gas, violates any of the statutes of this state prohibiting monopolies or acts, arrangements, agreements, contracts, combinations or conspiracies in restraint of […]
NRS 522.0834 – Order for compulsory unitization: Consent of certain percentage of owners required; hearings; revocation of order.
1. No order of the Division creating a unit and prescribing the plan of unitization applicable thereto becomes effective unless: (a) The plan of unitization has been signed or in writing ratified, or approved by the lessees of record of not less than 62.5 percent of the unit area affected thereby and by the owners […]
NRS 522.0395 – “Working interest” defined.
“Working interest” means the interest granted under an oil and gas lease, giving the lessee the right to work on the leased property to search for, develop and produce oil and gas. (Added to NRS by 1991, 960)