Title 52 - Oil & Gas Code

§52-570.15. Performance pursuant to act - Satisfaction of duties and obligation.


Notwithstanding the effective dates of various provisions of the Production Revenue Standards Act, performance under the terms of the Production Revenue Standards Act which causes proper payment of proceeds to owners legally entitled thereto for sales of gas production subsequent to the date of enactment but prior to the effective date of the Production Revenue Standards Act will satisfy duties or obligations pertaining to such sales under Sections 87.1 and 540 of Title 52 of the Oklahoma Statutes in effect on or before the effective date of the Production Revenue Standards Act.

Added by Laws 1992, c. 190, § 15, eff. Sept. 1, 1992.