Oklahoma § 52-581.6 Election to market share - Effect.

Oklahoma Statutes

§ 52-581.6 — Election to market share - Effect.

Oklahoma § 52-581.6

Title 52Oil And Gas

This text of Oklahoma § 52-581.6 (Election to market share - Effect.) 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, § 52-581.6 (2026).

Text

An election to market share pursuant to the terms of the Natural Gas Market Sharing Act grants to any producing owner thereby required to share its market the authority to market its proportionate share of gas attributable to the working interest of such electing owner during the term of that election without further notice or consent. Nothing in the Natural Gas Market Sharing Act shall be construed to: 1. Prevent any owner from receiving the price agreed upon by contract or to prevent any owner from taking its share of production in kind or separately disposing of its share; 2. Eliminate or otherwise affect the rights and remedies available to any operator or any other owner against any owners, including operators, who either default or fail to pay their proportionate share of the well or

Free access — add to your briefcase to read the full text and ask questions with AI

An election to market share pursuant to the terms of the Natural Gas Market Sharing Act grants to any producing owner thereby required to share its market the authority to market its proportionate share of gas attributable to the working interest of such electing owner during the term of that election without further notice or consent. Nothing in the Natural Gas Market Sharing Act shall be construed to: 1. Prevent any owner from receiving the price agreed upon by contract or to prevent any owner from taking its share of production in kind or separately disposing of its share; 2. Eliminate or otherwise affect the rights and remedies available to any operator or any other owner against any owners, including operators, who either default or fail to pay their proportionate share of the well or operating costs; or 3. Diminish the existing rights of each owner to ultimately receive its share of gas disposed or sold from the well.

Legislative History

Added by Laws 1983, c. 77, § 2, emerg. eff. May 3, 1983. Amended by Laws 1992, c. 190, § 23, eff. Sept. 1, 1992. Renumbered from § 542 of this title by Laws 1992, c. 190, § 29.