Sec. 6004. COOPERATIVE DEVELOPMENT OF COMMON HYDROCARBON-BEARING AREAS

170 words·~1 min read·/statute-compilations/comps-2991/sec-6004

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

## SEC. 6004 COOPERATIVE DEVELOPMENT OF COMMON HYDROCARBON-BEARING AREAS ###

(a)* * * ###

(b)Exception for West Delta Field Section 5(j) of the Outer Continental Shelf Lands Act, as added by this section, shall not be applicable with respect to Blocks 17 and 18 of the West Delta Field offshore Louisiana. ###

(c)Authorization of Appropriations There are hereby authorized to be appropriated such sums as may be necessary to provide compensation, including interest, to the State of Louisiana and its lessees, for net drainage of oil and gas resources as determined in the Third Party Factfinder Louisiana Boundary Study dated March 21, 1989. For purposes of this section, such lessees shall include those persons with an ownership interest in State of Louisiana leases SL10087, SL10088 or SL10187, or ownership interests in the production or proceeds therefrom, as established by assignment, contract or otherwise. Interest shall be computed for the period March 21, 1989 until the date of payment. # TITLE VII OIL POLLUTION RESEARCH AND DEVELOPMENT PROGRAM