Oklahoma § 52-274 - Common source of supply - Restrictions on production when

§ 52-274. Common source of supply - Restrictions on production when

full production would cause waste - Powers of Corporation Commission

- Discrimination prohibited.

Whenever the full production from any common source of supply of

crude oil or petroleum in this state can only be obtained under

conditions constituting waste, as herein defined, then any person,

firm or corporation, having the right to drill into and produce oil

from any such common source of supply, may take therefrom only such

proportion of all crude oil and petroleum that may be produced

therefrom, without waste, as the production of the well or wells of

Oklahoma Statutes - Title 52. Oil and Gas

any such person, firm or corporation, bears to the total production

of such common source of supply. The Corporation Commission is

authorized to so regulate the taking of crude oil or petroleum from

any or all such common sources of supply, within the State of

Oklahoma, as to prevent the inequitable or unfair taking, from a

common source of supply, of such crude oil or petroleum, by any

person, firm, or corporation, and to prevent unreasonable

discrimination in favor of any one such common source of supply as

against another.

Added by Laws 1915, c. 25, § 4, emerg. eff. Feb. 11, 1915.