§ 581.3. Definitions
Oklahoma Statutes AnnotatedTitle 52. Oil and Gas
52 Okl.St.Ann. § 581.3
§ 581.3. Definitions
As used in the Natural Gas Market Sharing Act:
1. “Designated marketer” means the operator of the well or a producing owner substituted for the operator as provided in Section 22 of this act;1
3. “Nonexempt sales” means those gas sales which are subject to the provisions of this act and do not qualify for exemptions as set forth in Section 21 of this act;2
7. “Working interest” means the interest in a well, calculated prior to deduction for royalty, overriding royalty and other non-cost-bearing interests burdening production, entitling the owner thereof to drill for and produce oil and gas, including the interest of a participating mineral owner to the extent set forth in Section 87.1 of Title 52 of the Oklahoma Statutes.
Credits
Laws 1992, c. 190, § 20, eff. Sept. 1, 1992.
52 Okl. St. Ann. § 581.3, OK ST T. 52 § 581.3
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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