45-9-36. Well completed prior to pooling of interest in spacing unit--Sharing of production--Calculation of costs.
53 words·~1 min read·
/sd/title-45/chapter-45-9/45-9-36·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In instances where a well is completed prior to the pooling of interests in a spacing unit, the sharing of production shall be from the effective date of the pooling except that, in calculating costs, credit shall be given for the value of the owner's share of any prior production from the well.