Statutes, codes, and regulations
South Dakota Administrative Rules
Title 74 - Department of Environment And Natural ResourcesArticle 74:12 - Oil and gas conservation
Chapter 74:12:10 - Risk compensation in compulsory pooling and unitization orders
Section 74:12:10:06 - Compulsory unitization - Risk compensation if ownership interest is not subject to a lease or other contract for development

S.D. Admin. R. 74:12:10:06

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Current through Register Vol. 51, page 67, December 16, 2024
Section 74:12:10:06 - Compulsory unitization - Risk compensation if ownership interest is not subject to a lease or other contract for development

If the nonparticipating owner's interest in the unit is not subject to a lease or other contract for development, the risk compensation is one hundred percent of the nonparticipating owner's share of the reasonable actual unit expenses and may be recovered only out of production from the unit, exclusive of a one-eighth royalty.

S.D. Admin. R. 74:12:10:06

38 SDR 117, effective 1/12/2012.

General Authority: SDCL 45-9-11, 45-9-13.

Law Implemented: SDCL 45-9-37 to 45-9-52, inclusive.