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15-72-504. Agreements to use secondary recovery methods not in restraint of trade.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-72-504. Agreements to use secondary recovery methods not in restraint of trade.
If the persons owning and operating any oil pool or portion thereof enter into an agreement among themselves for the employment of any secondary recovery method or methods for the production of oil from a pool or portion thereof, and the Oil and Gas Commission finds that operating the pool or portion thereof in accordance with the agreement will result in the prevention of waste, the performance of the agreement by the persons shall not be a violation of any statute of this state relating to trusts, monopolies, or contracts, or combinations in restraint of trade.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-72-504
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:15-72-504
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: e44a1b70fadc9d4cdf169bce83ad0f5289249a65a0da1fa8465f853533e2b250
Source location: content.xml paragraph 24583
Stored source content
15-72-504. Agreements to use secondary recovery methods not in restraint of trade.
If the persons owning and operating any oil pool or portion thereof enter into an agreement among themselves for the employment of any secondary recovery method or methods for the production of oil from a pool or portion thereof, and the Oil and Gas Commission finds that operating the pool or portion thereof in accordance with the agreement will result in the prevention of waste, the performance of the agreement by the persons shall not be a violation of any statute of this state relating to trusts, monopolies, or contracts, or combinations in restraint of trade.
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