§ 14-113. Payment of royalties when leased land included under unit agreement
West's Annotated Code of MarylandEnvironment
MD Code, Environment, § 14-113
§ 14-113. Payment of royalties when leased land included under unit agreement
On completion of a well producing gas or oil on any leased lands included under a unit operation agreement, royalties from the producing well shall be paid on all lands originally included within the unit operation agreement. Within six months after the completion of the producing well, the lands within the unit operation agreement not included as “in pool” acreage and on which no royalties are payable, shall be released, unless the owner of the lands has otherwise agreed in writing. This section does not extend to any leases and unit operation agreements in effect on June 1, 1956.
Credits
Added by Acts 1973, 1st Sp. Sess., c. 4, § 1. Amended by Acts 1988, c. 777. Renumbered from Natural Resources § 6-107 by Acts 1995, c. 488, § 2, eff. July 1, 1995. Amended by Acts 2006, c. 399, § 1, eff. Oct. 1, 2006.
Formerly Art. 66C, § 680.
MD Code, Environment, § 14-113, MD ENVIR § 14-113
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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