Home Table of Contents

§ 274. Common source of supply--Restrictions on production when full production would cause was...

Oklahoma Statutes AnnotatedTitle 52. Oil and Gas

Oklahoma Statutes Annotated
Title 52. Oil and Gas (Refs & Annos)
Chapter 3. Conservation of Oil and Gas
Oil
52 Okl.St.Ann. § 274
§ 274. Common source of supply--Restrictions on production when full production would cause waste--Powers of Corporation Commission--Discrimination prohibited
Whenever the full production from any common source of supply of crude oil or petroleum in this state can only be obtained under conditions constituting waste, as herein defined, then any person, firm or corporation, having the right to drill into and produce oil from any such common source of supply, may take therefrom only such proportion of all crude oil and petroleum that may be produced therefrom, without waste, as the production of the well or wells of any such person, firm or corporation, bears to the total production of such common source of supply. The Corporation Commission is authorized to so regulate the taking of crude oil or petroleum from any or all such common sources of supply, within the State of Oklahoma, as to prevent the inequitable or unfair taking, from a common source of supply, of such crude oil or petroleum, by any person, firm, or corporation, and to prevent unreasonable discrimination in favor of any one such common source of supply as against another.

Credits

Laws 1915, c. 25, § 4, emerg. eff. Feb. 11, 1915.
52 Okl. St. Ann. § 274, OK ST T. 52 § 274
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.
End of Document