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15-74-305. Measurement, accounting, etc., of gas sold or delivered by volume.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-74-305. Measurement, accounting, etc., of gas sold or delivered by volume.
(a) Each and every sale and each and every purchase, delivery, and receipt of gas by volume made in this state, for which any accounting for the price paid or received for the gas so sold, purchased, delivered, or received must be made to an oil and gas lease owner, royalty owner thereunder, or other mineral interest owner, shall be made and the gas shall be measured, calculated, purchased, delivered, and accounted for on the basis of “a standard cubic foot of gas” as defined in § 15-74-302, and as determined under this subchapter. Whenever the provisions of this subchapter operate to change the basis of measurement provided for in existing contracts, then the price for gas, including royalty gas, provided for in such contracts shall, if either the purchaser or seller so desires, be adjusted to compensate for the change in the method of measuring the volume of gas delivered thereunder. This provision is intended to protect parties to contracts now in existence so that after this statute becomes effective the total amount of money paid for a volume of gas purchased or required to be accounted for under existing contracts shall remain unaffected by this subchapter.
(b) Nothing in this section shall affect or apply to purchases or sales made on any basis other than a volume basis.
(c) Any person, association of persons, or corporation who, as purchaser thereof, shall knowingly fail or refuse to so measure, calculate, or account for any gas so purchased, shall be subject to a penalty of not less than ten dollars ($10.00) nor more than five hundred dollars ($500) for each offense recoverable in the name of the state in the Pulaski County Circuit Court and each day of the violation shall const
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-74-305
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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Stable record: arkansas_code:legal_authorities:15-74-305
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: f7311af6c04c7c4c72dadbd3d05c7a4af7ab45dda1ed9d7bf2fef9c0f710b43e
Source location: content.xml paragraph 25363
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15-74-305. Measurement, accounting, etc., of gas sold or delivered by volume.
(a) Each and every sale and each and every purchase, delivery, and receipt of gas by volume made in this state, for which any accounting for the price paid or received for the gas so sold, purchased, delivered, or received must be made to an oil and gas lease owner, royalty owner thereunder, or other mineral interest owner, shall be made and the gas shall be measured, calculated, purchased, delivered, and accounted for on the basis of “a standard cubic foot of gas” as defined in § 15-74-302, and as determined under this subchapter. Whenever the provisions of this subchapter operate to change the basis of measurement provided for in existing contracts, then the price for gas, including royalty gas, provided for in such contracts shall, if either the purchaser or seller so desires, be adjusted to compensate for the change in the method of measuring the volume of gas delivered thereunder. This provision is intended to protect parties to contracts now in existence so that after this statute becomes effective the total amount of money paid for a volume of gas purchased or required to be accounted for under existing contracts shall remain unaffected by this subchapter.
(b) Nothing in this section shall affect or apply to purchases or sales made on any basis other than a volume basis.
(c) Any person, association of persons, or corporation who, as purchaser thereof, shall knowingly fail or refuse to so measure, calculate, or account for any gas so purchased, shall be subject to a penalty of not less than ten dollars ($10.00) nor more than five hundred dollars ($500) for each offense recoverable in the name of the state in the Pulaski County Circuit Court and each day of the violation shall constitute a separate offense.
(d) Nothing herein shall prevent any aggrieved party from maintaining a civil suit for damages in the county or counties in which the gas is produced.
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Arkansas Code — all titles (historical 2020) · legal_authorities
15-74-302. Cubic foot of gas defined.
(a) The term “cubic foot of gas” or “standard cubic foot of gas” means the volume of gas contained in one cubic foot (1 cf) of space at a standard pressure base and at a standard temperature base.
(b) The standard pressure base shall be fourteen and sixty-five one hundredths pounds per square inch (14.65 lbs. p.s.i.) absolute, and the standard temperature base shall be sixty degrees Fahrenheit (60° F).
(c) Whenever the conditions of pressure and temperature differ from the above standard, conversion of the volume from these conditions to the standard conditions shall be made in accordance with the Ideal Gas Laws with correction for deviation from Boyle's Law, which correction must be made unless the pressure at the point of measurement is two hundred pounds per square inch (200 lbs. p.s.i.) gauge, or less, all in accordance with methods and tables generally recognized by and commonly used in the natural gas industry.
(d) For all purposes of computing standard cubic feet of gas under this subchapter, the barometric pressure may be assumed to be fourteen and six-tenths pounds per square inch (14.6 lbs. p.s.i.) absolute at the place of measurement.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-74-302
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. The source passage cites 15-74-302. This identifies an authority to review, not proof of applicability.