Arkansas § 15-72-504 - Agreements to use secondary recovery methods not in restraint of trade.
Full text of Arkansas Arkansas Code of 1987 Annotated § 15-72-504 — Agreements to use secondary recovery methods not in restraint of trade., with citation guidance and answers to common questions.
§ 15-72-504. Agreements to use secondary recovery methods not in restraint of trade.
If the persons owning and operating any oil pool or portion thereof enter into an agreement among themselves for the employment of any secondary recovery method or methods for the production of oil from a pool or portion thereof, and the Oil and Gas Commission finds that operating the pool or portion thereof in accordance with the agreement will result in the prevention of waste, the performance of the agreement by the persons shall not be a violation of any statute of this state relating to trusts, monopolies, or contracts, or combinations in restraint of trade.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 15-72-504
What does Arkansas Code of 1987 Annotated § 15-72-504 cover?
Section 15-72-504 ("Agreements to use secondary recovery methods not in restraint of trade.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 15-72-504?
A common citation format is "Arkansas Code of 1987 Annotated § 15-72-504" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 15-72-504 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.