Oklahoma § 52-549.11 Rights of operator.

Oklahoma Statutes

§ 52-549.11 — Rights of operator.

Oklahoma § 52-549.11

Title 52Oil And Gas

This text of Oklahoma § 52-549.11 (Rights of operator.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 52, § 52-549.11 (2026).

Text

RIGHTS OF OPERATOR NOT IMPAIRED This act does not impair an operator's right to be paid, set-off or withhold funds from another interest owner as security for or in satisfaction of any debt or security interest. In case of a dispute between an operator and another interest owner, a good-faith tender of funds by anyone operates as a tender of the funds to both in any of the following circumstances: 1. To the person who the operator and other interest owner jointly direct the first purchaser in writing to pay; 2. To a person who otherwise shows himself or herself to be the one entitled to the funds; or 3. To a court of competent jurisdiction in the event of litigation or bankruptcy.

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RIGHTS OF OPERATOR NOT IMPAIRED This act does not impair an operator's right to be paid, set-off or withhold funds from another interest owner as security for or in satisfaction of any debt or security interest. In case of a dispute between an operator and another interest owner, a good-faith tender of funds by anyone operates as a tender of the funds to both in any of the following circumstances: 1. To the person who the operator and other interest owner jointly direct the first purchaser in writing to pay; 2. To a person who otherwise shows himself or herself to be the one entitled to the funds; or 3. To a court of competent jurisdiction in the event of litigation or bankruptcy.