7-31-37. Oil and gas pooling agreements permitted.
73 words·~1 min read·
/sd/title-7/chapter-7-31/7-31-37A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The boards of county commissioners of the several counties of the state are hereby authorized in their discretion, to enter by resolution into agreements, with respect to acreage or oil or gas rights owned by the several counties, for the pooling of such acreage with other acreage for unit operations for the production of oil or gas and for the apportionment of oil or gas royalties on an acreage or other equitable basis.