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AR SB265

Bill

Official Source

Status

Passed

3/31/2011

Primary Sponsor

Mary Salmon

Click for details

Origin

Senate

88th General Assembly (2011 Regular)

AI Summary

  • Amends Arkansas Code § 15-73-201 to clarify that oil and gas leases extended by production in one section or pooling unit shall not extend to other sections or units where no production or exploration has occurred
  • Exception provided when drilling operations have commenced within one year after the primary term expiration or within one year after well completion on any part of the leased lands
  • Changes language from "The provisions of this section shall apply" to "This section applies" for grammatical clarity
  • Applies to all oil and gas leases entered into on and after July 4, 1983

Legislative Description

To Clarify The Time Of Expiration Of Oil And Gas Leases And The Severance Of Sections Or Units In Which Production Has Not Been Obtained During The Primary Term Of The Leases.

Last Action

Senate Notification that SB265 is now Act 857

3/31/2011

Committee Referrals

Agriculture, Forestry and Economic Development3/28/2011
Agriculture, Forestry and Economic Development2/22/2011
Agriculture, Forestry and Economic Development2/8/2011

Full Bill Text

No bill text available