Oklahoma § 52-581.3 - Definitions
Full text of Oklahoma Oklahoma Statutes § 52-581.3 — Definitions, with citation guidance and answers to common questions.
§ 52-581.3. Definitions
As used in the Natural Gas Market Sharing Act:
1. "Designated marketer" means the operator of the well or a
producing owner substituted for the operator as provided in Section
22 of this act;
2. "Electing owner" means any owner who elects to produce and
market its share of production pursuant to the provisions of this
act;
3. "Nonexempt sales" means those gas sales which are subject to
the provisions of this act and do not qualify for exemptions as set
forth in Section 21 of this act;
4. "Overproduced owner" means an owner who has produced and
sold a volume of gas in excess of his working interest percentage of
cumulative sales from a well;
5. "Owner" means a person or persons who own a working interest
in a well;
6. "Producing owner" means an owner who produces and sells gas
from a well for its own account; and
7. "Working interest" means the interest in a well, calculated
prior to deduction for royalty, overriding royalty and other noncost-bearing interests burdening production, entitling the owner
thereof to drill for and produce oil and gas, including the interest
of a participating mineral owner to the extent set forth in Section
87.1 of Title 52 of the Oklahoma Statutes.
Added by Laws 1992, c. 190, § 20, eff. Sept. 1, 1992.
Frequently Asked Questions About Oklahoma § 52-581.3
What does Oklahoma Statutes § 52-581.3 cover?
Section 52-581.3 ("Definitions") 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 § 52-581.3?
A common citation format is "Oklahoma Statutes § 52-581.3" (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 § 52-581.3 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.