45-9-31. Order pooling all interests in spacing unit--Application by interested person--Notice and hearing--Terms and conditions.
110 words·~1 min read·
/sd/title-45/chapter-45-9/45-9-31A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In the absence of voluntary pooling, the Board of Minerals and Environment or the secretary, as applicable, upon the application of any interested person, shall enter an order pooling all interests in the spacing unit for the development and operation of the spacing unit, and for the sharing of production from the spacing unit. Each such pooling order shall be made after notice and opportunity for hearing, and shall be upon terms and conditions that are just and reasonable, and that afford to the owner of each tract or interest in the spacing unit the opportunity to recover or receive without unnecessary expense, his or her just and equitable share.