Arkansas Statutes
§ 15-72-504 — Agreements to use secondary recovery methods not in restraint of trade
Arkansas·Title 15
If the persons owning and operating any oil pool or portion thereof enter into an agreement among themselves for the employment of any secondary recovery method or methods for the production of oil from a pool or portion thereof, and the Oil and Gas Commission finds that operating the pool or portion thereof in accordance with the agreement will result in the prevention of waste, the performance of the agreement by the persons shall not be a violation of any statute of this state relating to trusts, monopolies, or contracts, or combinations in restraint of trade.
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Arkansas § 15-72-504 (Agreements to use secondary recovery methods not in restraint of trade) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1943, No. 302, § 4; A.S.A. 1947, § 53-130.
Nearby Sections
15
§ 15-1-101
Economic Advisor§ 15-10-201
Title§ 15-10-202
Declaration of policy§ 15-10-203
Arkansas Energy Office - Creation§ 15-10-204
Arkansas Energy Office - Director§ 15-10-301
Declaration of policy§ 15-10-302
Definitions§ 15-10-303
License or permit requirement§ 15-10-304
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