§ 402. Definitions
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 58 P.S. Oil and Gas
58 P.S. § 402
§ 402. Definitions
As used in this act--
(2) “Correlative rights” means the rights of each owner of oil and gas interests in a common pool or sources of supply of oil or gas, to have a fair and reasonable opportunity to obtain and produce his just and equitable share of the oil and gas in such pool or sources of supply, without being required to drill unnecessary wells or incur other unnecessary expense to recover or receive such oil or gas or its equivalent.
(6) “Onondaga horizon” means the top of the Onondaga formation, except in those areas in which the Onondaga formation is not present, and in such areas the term shall be understood to mean either the top of the stratigraphic horizon first appearing in the interval of the missing Onondaga formation, or where strata older than the top of the Onondaga are exposed at the surface, then the term “Onondaga horizon” shall mean the surface.
(7) “Operator” shall mean any owner of the right to develop, operate, and produce oil and gas from the pool. In the event that there is no oil and gas lease in existence, the owner of the oil and gas rights shall be considered as “operator” to the extent of seven-eighths of the oil and gas in that portion of the pool underlying the tract owned by such owner, and a royalty owner as to a one-eighth interest in such oil and gas. In the event that the oil is owned separately from the gas, the owner of the substance being produced or sought to be produced from the pool shall be considered as “operator” as to such pool.
(8) “Royalty owner” means any owner of oil or gas in place or oil or gas rights, subject to a lease covering such oil or gas in place or oil or gas rights. “Royalty owner” also means any owner of an interest in an oil or gas lease which entitles him to a share in the production of the oil or gas under such lease or the proceeds therefrom without obligating him to pay any costs under such lease. “Royalty owner” also means the owner of any interest in the oil or gas in place, or oil or gas rights, who has not executed an oil and gas lease, to the extent that such owner is not designated an “operator” under the preceding clause.
Credits
1961, July 25, P.L. 825, No. 359, § 2.
58 P.S. § 402, PA ST 58 P.S. § 402
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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