Montana Statutes
§ 77-4-125 — Pooling Agreements And Unit Operations
77-4-125 . Pooling agreements and unit operations.
(1)Nothing contained in this part or other related laws shall prevent the board from entering into agreements for the pooling of acreage for unit operations for the production of geothermal resources and apportionment of geothermal royalties on an acreage or other equitable basis or from modifying the royalty provisions of existing leases and all subsequent leases in accordance with pooling agreements and unit plans of operation. No agreement may be entered into which changes the percentage of royalties to be paid to the state from the percentages fixed in its leases.
(2)Geothermal resources produced from any part of a unit in which state lands are included by virtue of a pooling agreement shall be considered to be produced from the stat
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Legislative History
En. 81-2604 by Sec. 4, Ch. 111, L. 1974; R.C.M. 1947, 81-2604(5), (6).
Nearby Sections
15
§ 77-4-101
Geothermal Leases Authorized§ 77-4-102
Definitions§ 77-4-103
Rules§ 77-4-104
Nature Of Geothermal Resources§ 77-4-105
State Retention Of Geothermal Resources§ 77-4-106
Bonding Requirements§ 77-4-107
Compensation To Surface Lessee§ 77-4-109
Conflicting Leases§ 77-4-110
Through 77-4-120 Reserved§ 77-4-121
Provisions Of The Lease§ 77-4-122
Duration Of Lease§ 77-4-123
Extension Of Lease§ 77-4-124
Operating Agreements§ 77-4-125
Pooling Agreements And Unit Operations