Oklahoma § 52-581.6 - Election to market share - Effect

§ 52-581.6. Election to market share - Effect

An election to market share pursuant to the terms of the Natural

Gas Market Sharing Act grants to any producing owner thereby

required to share its market the authority to market its

proportionate share of gas attributable to the working interest of

such electing owner during the term of that election without further

notice or consent. Nothing in the Natural Gas Market Sharing Act

shall be construed to:

1. Prevent any owner from receiving the price agreed upon by

contract or to prevent any owner from taking its share of production

in kind or separately disposing of its share;

2. Eliminate or otherwise affect the rights and remedies

available to any operator or any other owner against any owners,

including operators, who either default or fail to pay their

proportionate share of the well or operating costs; or

3. Diminish the existing rights of each owner to ultimately

receive its share of gas disposed or sold from the well.

Added by Laws 1983, c. 77, § 2, emerg. eff. May 3, 1983. Amended by

Laws 1992, c. 190, § 23, eff. Sept. 1, 1992. Renumbered from § 542

of this title by Laws 1992, c. 190, § 29.