MMS REJECTS OKLAHOMA ROYALTY POOLING LAW

The U.S. Minerals Management Service has declared federal and Indian leases it administers in Oklahoma will not be subject to a state royalty pooling law. Oklahoma Senate Bill No. 168, which became effective july 1, evolved from a state lawsuit, Shelf Oil Co. vs. Oklahoma Corporation Commission, commonly known as the Blanchard decision. The bill provides that working interest owners taking and selling oil and gas must pay royalties to a pool shared by all royalty owners in the agreements.

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home