Arkansas § 15-72-701 - Definitions.

§ 15-72-701. Definitions.

As used in this subchapter, unless the context otherwise requires: “Commercial oil pool” means a pool which appears to contain sufficient quantities of recoverable oil, in the opinion of the commission, to justify the economical development thereof. “Commission” means the Oil and Gas Commission; “Conservation Act” means §§ 15-71-101 — 15-71-112, 15-72-101 — 15-72-110, 15-72-205, 15-72-212, 15-72-216, 15-72-301 — 15-72-324, and 15-72-401 — 15-72-407; and “Field” means the general area which is underlaid or appears to be underlaid by at least one (1) pool. “Field” includes the underground reservoir or reservoirs containing crude petroleum oil, natural gas, or both. The words “field” and “pool” mean the same thing when only one (1) underground reservoir is involved. However, “field”, unlike “pool”, may relate to two (2) or more pools; “Oil” means crude petroleum oil, and other hydrocarbons, regardless of gravity, which are produced at the well in liquid form by ordinary production methods and which are not the result of condensation of gas after it leaves the reservoir; “Owner” means the person who has the right to drill and produce oil and to appropriate the production either for himself or herself or for himself or herself and another or others; “Participating area” means the land surface area within a radius of two (2) miles from the discovery well; “Person” means any natural person, corporation, association, partnership, receiver, trustee, guardian, executor, administrator, fiduciary, or representative of any kind, or the heirs, successors, or assigns of any of the foregoing; “Pool” means an underground reservoir containing a common accumulation of crude petroleum oil or natural gas, or both. Each zone of a general structure which is completely separated from any other zone in the structure is covered by the term “pool” as used herein;