South Carolina Statutes
§ 48-43-360 — Submission of agreement for unit or cooperative development or operation to department.
South Carolina·Title 48 ENVIRONMENTAL PROTECTION AND CONSERVATION·Ch. 43 OIL AND GAS EXPLORATION, DRILLING, TRANSPORTATION, AND PRODUCTION
An agreement for the unit or cooperative development or operation of a field, pool or part thereof may be submitted to the department for approval as being in the public interest or reasonably necessary to prevent waste or protect correlative rights. Such approval shall constitute a complete defense to any suit charging violation of any statute of the State relating to trusts and monopolies on account thereof or on account of operations conducted pursuant thereto. The failure to submit such an agreement to the department for approval shall not for that reason imply or constitute evidence that the agreement or operations conducted pursuant thereto are in violation of laws relating to trusts and monopolies.
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South Carolina § 48-43-360 (Submission of agreement for unit or cooperative development or operation to department.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1977 Act No. 179, Part 1, SECTION 9; 1993 Act No. 181, SECTION 1236.
Nearby Sections
15
§ 48-43-10
Definitions.§ 48-43-20
Waste and pollution prohibited.§ 48-43-320
Allocation of allowable production.§ 48-43-330
Establishment of spacing units for pools.