Senate Bill 661 Summary

• Amends Section 87.1 of Oklahoma oil and gas law to modify well spacing requirements for common sources of oil and gas supply
• Removes obsolete language that previously required automatic de-spacing of units exceeding 640 acres that were not in production or drilling on the effective date of the act
• Allows fractional sections along state boundary lines to be spaced with adjoining section units as determined by the Corporation Commission
• Maintains existing spacing limits of 640 acres plus 10% tolerance for gas wells and establishes specific acreage limits for oil wells based on depth
• Declares an emergency effective upon passage and approval