§ 226.26. Determining cost of well.
81 words·~1 min read·
/us/cfr/t25/s§ 226.26·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The term "cost of drilling" as applied where one lessee takes over a well drilled by another, shall include all reasonable, usual, necessary, and proper expenditures. A list of expenses mentioned in this section shall be presented to proposed purchasing lessee within 10 days after the completion of the well. In the event of a disagreement between the parties as to the charges assessed against the well that is to be taken over, such charges shall be determined by the Superintendent.