Indiana Statutes
§ 14-37-9-3 — Costs of production from integrated well
(a)As used in this section, "field" means a
group of pools that are related to a single geologic feature by structure
or stratigraphy.
(b)If an integration order is entered, the operator may assess each
interested owner for the actual reasonable expenditures required in
development and operations, including charges for supervision.
(c)The operator is entitled to receive the first production from a
well that otherwise would be credited to the other owners of the
integrated interests, so that the proportionate share owed by the other
owners for expenditures under this chapter is paid to the operator from
production.
(d)The value of the production shall be calculated at the market
price in the field when the production is received by the operator or
placed to the credit of the operator.
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Legislative History
As added by P.L.1-1995, SEC.30.
Nearby Sections
15
§ 14-10-1-1
Establishment and members of commission§ 14-10-1-2
Filling of vacancies of ex officio members§ 14-10-1-3
Citizen members§ 14-10-1-4
Per diem compensation and traveling expenses§ 14-10-1-5
Officers§ 14-10-1-6
Quorum§ 14-10-1-7
Meetings§ 14-10-2-1
Powers of commission§ 14-10-2-2
Repealed§ 14-10-2-2.5
Consolidated proceedings§ 14-10-2-3
Repealed§ 14-10-2-4
Adoption of rules§ 14-10-2-5
Rules§ 14-10-2-6
Notices of violation