United States — Alabama Order

United States — Alabama legislation

Section 9-17-84 Order Requiring Unit Operation - When Effective; When Automatically Revoked.

A unit operation order does not take effect unless required owners approve it, and it is automatically revoked if that approval is not obtained within six months.

effective daterevocationunit operation

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“A unit operation order does not take effect unless required owners approve it, and it is automatically revoked if that approval is not obtained within six months.”

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Source record from alison.legislature.state.al.us · Undated source snapshot

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§ —Section 9-17-84 Order Requiring Unit Operation - When Effective; When Automatically Revoked.Provision

A unit operation order does not take effect unless required owners approve it, and it is automatically revoked if that approval is not obtained within six months.

An order requiring unit operation shall not become effective unless and until agreements incorporating the provisions of Section 9-17-83 have been signed or in writing ratified or approved by the owners of at least 66 2/3 percent in interest as costs are shared under the terms of the allocation formula established by the board in the order pursuant to Section 9-17-83(3) and by 66 2/3 percent in interest of the royalty owners in the unit area as revenues are distributed under the terms of the allocation formula established by the board in the order pursuant to Section 9-17-83(3), and the board has made a finding to that effect either in the order or in a supplemental order. In the event the required percentage interests have not signed, ratified, or approved the order or agreements within six months from and after the date of the order it shall be automatically revoked.
Document — Section 9-17-84 Order Requiring Unit Operation - When Effective; When Automatically Revoked.Verify source

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