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15-72-308. Petition for unit operation — Hearing.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-72-308. Petition for unit operation — Hearing.
(a) Upon the filing of a petition as provided in this section, the Oil and Gas Commission after notice shall hold a public hearing to consider the need for the operation as a unit of an entire pool or any portion thereof to prevent waste, to increase ultimate recovery of oil and gas, and to protect correlative rights.
(b) The petition shall contain the following:
(1) A description of the proposed unit area;
(2) A statement of the nature of the proposed unit operation; and
(3) A conformed copy of the proposed unit operating agreement, which may be a composite of executed counterparts of the agreement.
(c) The petition may be filed by one (1) or more persons authorized in the unit operating agreement to file it with the commission.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-72-308
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:15-72-308
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 5d71524d54e7f468f48250321ccfef07cd598e1aa98e4ac24aee8d621ccbbfb1
Source location: content.xml paragraph 24227
Stored source content
15-72-308. Petition for unit operation — Hearing.
(a) Upon the filing of a petition as provided in this section, the Oil and Gas Commission after notice shall hold a public hearing to consider the need for the operation as a unit of an entire pool or any portion thereof to prevent waste, to increase ultimate recovery of oil and gas, and to protect correlative rights.
(b) The petition shall contain the following:
(1) A description of the proposed unit area;
(2) A statement of the nature of the proposed unit operation; and
(3) A conformed copy of the proposed unit operating agreement, which may be a composite of executed counterparts of the agreement.
(c) The petition may be filed by one (1) or more persons authorized in the unit operating agreement to file it with the commission.
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