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United States — Louisiana Act or statute

United States — Louisiana legislation

RS 9:4883

This section creates a privilege over certain property interests connected to a well site and oil-and-gas operations.

liens and privilegesoil and gas operations
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United States — Louisiana
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“This section creates a privilege over certain property interests connected to a well site and oil-and-gas operations.”

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RS 9:4883

This section creates a privilege over certain property interests connected to a well site and oil-and-gas operations.

Section 9:4883

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§ 9:4883RS 9:4883Provision

This section creates a privilege over certain property interests connected to a well site and oil-and-gas operations.

§4883. Property subject to the privilege A. A privilege given by this Subpart is established over the interest of the operator or non-operator in the following property: (1) The operating interests under which the operations are conducted. (2) A well, building, tank, leasehold pipeline, and other construction or facility on the well site. (3) A movable on a well site that is used in the operations, other than a movable that is only transiently on the well site for repair, testing, or other temporary use. (4) A tract of land, servitude, and lease described in R.S. 9:4861(12)(c) covering the well site of the operating interest. (5) The hydrocarbons produced from the well site. (6) The proceeds received by, and the obligations owed to, the operator or non-operator from the disposition of hydrocarbons subject to the privilege. B. The privilege given by this Subpart does not affect: (1) The hydrocarbons produced from the well site that are owned by the lessor, sublessor or overriding royalty owner. (2) The obligations or proceeds arising from the disposition of such hydrocarbons that are owned by or payable to such persons. Acts 1997, No. 1040, §1.
Section 9:4883Verify source

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