Oklahoma § 52-287.3 - Matters to be found by Corporation Commission Requisites of petition

§ 52-287.3. Matters to be found by Corporation Commission Requisites of petition

If upon the filing of a petition therefor and after notice and

hearing, all in the form and manner and in accordance with the

procedure and requirements hereinafter provided, the Corporation

Commission shall find (a) that the unitized management, operation

and further development of a common source of supply of oil and gas

or portion thereof is reasonably necessary in order to effectively

carry on pressure maintenance or repressuring operations, cycling

operations, water flooding operations, or any combination thereof,

or any other nonprimary production form of joint effort calculated

to substantially increase the ultimate recovery of oil and gas from

the common source of supply; and (b) that one or more of the

unitized methods of operation as applied to such common source of

supply or portion thereof are feasible, will prevent waste and will

with reasonable probability result in the increased recovery of

substantially more oil and gas from the common source of supply than

would otherwise be recovered; and (c) that the estimated additional

cost, if any, of conducting such operations will not exceed the

value of the additional oil and gas so recovered; and (d) that such

unitization and adoption of one or more of such unitized methods of

operation is for the common good and will result in the general

advantage of the owners of the oil and gas rights within the common

source of supply or portion thereof directly affected, it shall make

a finding to that effect and make an order creating the unit and

providing for the unitization and unitized operation of the common

source of supply or portion thereof described in the order, all upon

such terms and conditions, as may be shown by the evidence to be

fair, reasonable, equitable and which are necessary or proper to

protect, safeguard, and adjust the respective rights and obligations

of the several persons affected, including royalty owners, owners of

overriding royalties, oil and gas payments, carried interests,

mortgagees, lien claimants and others, as well as the lessees. The

petition shall set forth a description of the proposed unit area

with a map or plat thereof attached, must allege the existence of

the facts required to be found by the Commission as hereinabove

provided and shall have attached thereto a recommended plan of

unitization applicable to such proposed unit area and which the

petitioner or petitioners consider to be fair, reasonable and

equitable.

Added by Laws 1951, p. 137, § 3, emerg. eff. May 26, 1951. Amended

by Laws 2011, c. 54, § 7, emerg. eff. April 13, 2011.

Oklahoma Statutes - Title 52. Oil and Gas