Nebraska § 72-908 Exploration, development, and operation for oil and gas production; agreements authorized

Nebraska Statutes

§ 72-908 — Exploration, development, and operation for oil and gas production; agreements authorized

Nebraska § 72-908

Ch. 72Public Lands, Buildings, and Funds

This text of Nebraska § 72-908 (Exploration, development, and operation for oil and gas production; agreements authorized) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 72-908 (2026).

Text

The Board of Educational Lands and Funds is hereby authorized, in its discretion, to enter into appropriate agreements for the purpose of unit or cooperative exploration, development, and operation of acreage, or any part of the acreage, covered by leases granted pursuant hereto, with other acreage for the production of oil and gas. Such agreements shall provide for the allocation of production on a proportionate acreage or other agreed equitable basis.

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The Board of Educational Lands and Funds is hereby authorized, in its discretion, to enter into appropriate agreements for the purpose of unit or cooperative exploration, development, and operation of acreage, or any part of the acreage, covered by leases granted pursuant hereto, with other acreage for the production of oil and gas. Such agreements shall provide for the allocation of production on a proportionate acreage or other agreed equitable basis.