HB2434 Summary

• Amends 52 O.S. 2011, Section 87.4 to update the statutory reference for drilling wells under pooling orders issued by the Oklahoma Corporation Commission.

• Changes reference from "Title 52 of the Oklahoma Statutes" to "this title" in the affidavit requirement for pooling order elections.

• An affidavit documenting election choices for drilling under a pooling order serves as constructive notice when filed with the county clerk in the county where the pooled lands are located.

• The affidavit must include each pooled respondent's name, address, and election choice, with a copy of the pooling order attached, and may be filed by the designated operator or any other interested party.

• Effective date: November 1, 2014.