§ 201. Compacts with other states authorized--Objectives--Fact finding agency--Uniform conserva...
Oklahoma Statutes AnnotatedTitle 52. Oil and Gas
52 Okl.St.Ann. § 201
§ 201. Compacts with other states authorized--Objectives--Fact finding agency--Uniform conservation and tax laws
The Governor, or such representative as he may appoint, is authorized to meet with representatives of the Governors of other petroleum-producing states, and of the United States, for the purpose of agreeing upon a compact among such states effecting the following objectives:
(a) Establishment of a joint state and federal fact-finding agency to consist of one representative appointed by the Governor of each compacting state, and one representative of the United States as Congress or the President shall direct. Said agency shall make periodic findings, subject to the approval and modification by the President, of the demand for petroleum to be produced within the United States, for withdrawals from storage, and for petroleum and products thereof to be imported. It shall thereupon, subject to concurrence of representatives of compacting states capable of together producing two-thirds ( 2/3 ) of the demand for domestic production so found, and approval and modification by the President, determine the part thereof allowable as production within each petroleum-producing state.
Credits
Laws 1935, p. 240, § 1, emerg. eff. Jan. 30, 1935.
52 Okl. St. Ann. § 201, OK ST T. 52 § 201
Current with emergency effective legislation through Chapter 3 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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