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15-74-702. Royalties paid in lieu of drilling off-set wells on adjacent units.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-74-702. Royalties paid in lieu of drilling off-set wells on adjacent units.
Where royalties are paid in lieu of drilling off-set wells on forty-acre units adjacent to forty-acre units already in production, the forty-acre units adjacent to the forty-acre unit receiving the royalty payments shall immediately after the signing of the agreement or contract become off-set units, and drilling operations shall begin on each adjacent forty-acre off-sets, to the forty-acre unit receiving royalty payments in lieu of drilling the well in not less than ninety (90) days thereafter.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-74-702
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:15-74-702
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: c68dedf37d97de0831902dc321a23f08969e4be2b4ff47e72162c01509fd4504
Source location: content.xml paragraph 25678
Stored source content
15-74-702. Royalties paid in lieu of drilling off-set wells on adjacent units.
Where royalties are paid in lieu of drilling off-set wells on forty-acre units adjacent to forty-acre units already in production, the forty-acre units adjacent to the forty-acre unit receiving the royalty payments shall immediately after the signing of the agreement or contract become off-set units, and drilling operations shall begin on each adjacent forty-acre off-sets, to the forty-acre unit receiving royalty payments in lieu of drilling the well in not less than ninety (90) days thereafter.
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