LegalFix

353.653 Share of production from drilling unit or unitized pool.

KY Rev Stat § 353.653 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

353.653 Share of production from drilling unit or unitized pool. Each operator shall have the right to take in kind its share of any oil or gas produced from any drilling unit or pool unitized under KRS 353.510, 353.520, 353.565, 353.610, 353.651 to 353.654, 353.700, or 353.991. The operator shall pay the expenses occasioned thereby and pay or account to the unit operator for the oil or gas or the value thereof if he has not paid his share of drilling, completing and operating costs. This section applies to deep well drilling units only. Effective: July 13, 1990 History: Amended 1990 Ky. Acts ch. 11, sec. 2, effective July 13, 1990. -- Created 1974 Ky. Acts ch. 45, sec. 9.

LegalFix

Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.

LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.

The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.

You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.

The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.

Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.

We have updated our Terms of Service, Privacy Policy, and Disclosures. By continuing to browse this site, you agree to our Terms of Service, Privacy Policy, and Disclosures.
353.653 Share of production from drilling unit or unitized pool.