Oklahoma § 52-581.3 Definitions.

Oklahoma Statutes

§ 52-581.3 — Definitions.

Oklahoma § 52-581.3

Title 52Oil And Gas

This text of Oklahoma § 52-581.3 (Definitions.) 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, § 52-581.3 (2026).

Text

As used in the Natural Gas Market Sharing Act: 1. "Designated marketer" means the operator of the well or a producing owner substituted for the operator as provided in Section 22 of this act; 2. "Electing owner" means any owner who elects to produce and market its share of production pursuant to the provisions of this act; 3. "Nonexempt sales" means those gas sales which are subject to the provisions of this act and do not qualify for exemptions as set forth in Section 21 of this act; 4. "Overproduced owner" means an owner who has produced and sold a volume of gas in excess of his working interest percentage of cumulative sales from a well; 5. "Owner" means a person or persons who own a working interest in a well; 6. "Producing owner" means an owner who produces and sells gas from a well f

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As used in the Natural Gas Market Sharing Act: 1. "Designated marketer" means the operator of the well or a producing owner substituted for the operator as provided in Section 22 of this act; 2. "Electing owner" means any owner who elects to produce and market its share of production pursuant to the provisions of this act; 3. "Nonexempt sales" means those gas sales which are subject to the provisions of this act and do not qualify for exemptions as set forth in Section 21 of this act; 4. "Overproduced owner" means an owner who has produced and sold a volume of gas in excess of his working interest percentage of cumulative sales from a well; 5. "Owner" means a person or persons who own a working interest in a well; 6. "Producing owner" means an owner who produces and sells gas from a well for its own account; and 7. "Working interest" means the interest in a well, calculated prior to deduction for royalty, overriding royalty and other non- cost-bearing interests burdening production, entitling the owner thereof to drill for and produce oil and gas, including the interest of a participating mineral owner to the extent set forth in Section 87.1 of Title 52 of the Oklahoma Statutes.