Oklahoma § 52-570.5 - Designation of person for certain royalty, accounting
Full text of Oklahoma Oklahoma Statutes § 52-570.5 — Designation of person for certain royalty, accounting, with citation guidance and answers to common questions.
§ 52-570.5. Designation of person for certain royalty, accounting
and remittance functions.
A. The owners owning a majority in interest of the working
interest in a well or the Corporation Commission for cause upon
proper application by any working interest owner and notice to all
working interest owners in a well may designate a person other than
the operator, which person is defined for purposes of this section
to include, but not be limited to, a bank or a trust company, to
perform the royalty accounting and remittance functions assigned to
the operator pursuant to the Production Revenue Standards Act, upon
consent to and assumption by that person of:
1. Any costs thereby incurred; and
2. An obligation to furnish to the operator such information
necessary to the operator for the discharge of its duties.
B. Any person designated pursuant to this section shall assume
all rights and duties of and shall be held to the same standards of
care as the operator as set forth in this section and Sections 4, 6,
7 and 13 and subsections A and G of Section 8 and subsections C and
E of Section 10 of this act. Any person designated pursuant to this
section who is not a working interest owner in the well, a first
purchaser of production from the well or a bank or trust company
shall be bonded or post other surety in an amount equal to Fifty
Thousand Dollars ($50,000.00). Except as provided by private
agreement or Corporation Commission order derived from other
statutory authority, such person shall not thereby assume other
rights or duties of the operator.
Added by Laws 1992, c. 190, § 5, eff. July 1, 1993.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 52-570.5
What does Oklahoma Statutes § 52-570.5 cover?
Section 52-570.5 ("Designation of person for certain royalty, accounting") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. 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 Oklahoma § 52-570.5?
A common citation format is "Oklahoma Statutes § 52-570.5" (Oklahoma). 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 Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 52-570.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma 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 Oklahoma.