Section 14-37-9-3 - Costs of production from integrated well(a) As used in this section, "field" means a group of pools that are related to a single geologic feature by structure or stratigraphy.(b) If an integration order is entered, the operator may assess each interested owner for the actual reasonable expenditures required in development and operations, including charges for supervision.(c) The operator is entitled to receive the first production from a well that otherwise would be credited to the other owners of the integrated interests, so that the proportionate share owed by the other owners for expenditures under this chapter is paid to the operator from production.(d) The value of the production shall be calculated at the market price in the field when the production is received by the operator or placed to the credit of the operator.Pre-1995 Recodification Citations: 13-8-2-11; 13-8-11-3.
As added by P.L. 1-1995, SEC.30.