Arkansas Statutes
§ 15-72-705 — Certificate of discovery of commercial pool
Arkansas·Title 15
Upon receipt by the Oil and Gas Commission, within one (1) year from the date of the approval of the application, of evidence from which the commission finds that a commercial oil pool has been discovered by that person in the drilling of the discovery well and that compliance has been had with this subchapter and the rules of the commission, it shall issue to that person a certificate to that effect. This certificate shall entitle the person to the benefits of this subchapter. However, not more than one (1) certificate shall be issued for each field, nor more than one (1) pool in any field.
Free access — add to your briefcase to read the full text and ask questions with AI
Arkansas § 15-72-705 (Certificate of discovery of commercial pool) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Act 2019, No. 315,§ 1260, eff. 7/24/2019. Acts 1957, No. 258, § 6; A.S.A. 1947, § 53-135.
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
Studying the need for changes in law