reglab/housing_qa huggingface dataset:
52 OK Stat § 52-549.9 (2021)
2021 Oklahoma Statutes|Title 52. Oil and Gas|§52-549.9. Waiver, relinquishment, release.

|WAIVER |No interest owner shall be required, as a condition or term of an agreement to sell or otherwise, to waive, relinquish or release any oil and gas lien or any rights under this act other than upon payment in full of the sales price or agree to any provision that would apply the law of any state other than the State of Oklahoma insofar as the same relates to rights under this act, and any such purported waiver, relinquishment, release, or provision shall be void as a matter of the public policy of this state. Notwithstanding the preceding sentence, any interest owner or a representative acting on behalf of an interest owner, may waive, relinquish or release any oil and gas lien or any rights under this act or agree to a provision that would apply the law of any state other than the State of Oklahoma insofar as the same relates to rights under this act only as to such interest owner’s oil and gas rights provided the first purchaser either:1. Posts a letter of credit in form and amount satisfactory to the interest owner, or a representative acting on behalf of an interest owner; or2. Agrees to a binding contractual arrangement satisfactory in form and substance to the interest owner, or a representative acting on behalf of an interest owner to prepay or escrow the sales price under an agreement to sell in form and substance satisfactory to the interest owner and performs all of the first purchaser’s obligations thereunder.Added by Laws 2010, c. 142, § 9, emerg. eff. April 19, 2010.
52 OK Stat § 52-549.10 (2021)
2021 Oklahoma Statutes|Title 52. Oil and Gas|§52-549.10. Expiration of oil and gas lien - Enforcement of lien.

|EXPIRATION OF LIEN - ENFORCEMENT - JOINDER AND CONSOLIDATION - |COSTS - PERSONAL ACTIONS - OTHER RIGHTS AND REMEDIESA. An oil and gas lien shall expire, as to an interest owner, one (1) year after the last day of the month following the date proceeds from the sale of oil or gas subject to such lien are required by law or contract to be paid to such interest owner but only as to the oil or gas sold during such month, unless an action to enforce the oil and gas lien is commenced within such time in a court of competent jurisdiction. In addition to any other court of competent jurisdiction, an action to enforce the oil and gas lien may be commenced in the district court of the county in which there is located the oil and gas well from which the oil or gas is produced, or wherever the oil or gas unpaid for or the proceeds may be found. Notwithstanding the foregoing, the commencement of any proceeding by or against any person claiming an interest in any property subject to the oil and gas lien seeking to adjudicate such person as bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or composition of such person or such person’s debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee or other similar official for such person or for any substantial part of such person’s property shall toll the foregoing one (1) year period in which to commence an action to enforce the oil and gas lien for an additional period of ninety (90) days from the earlier of:1. The final conclusion or dismissal of such proceedings; or2. The date final relief is obtained from the applicable tribunal authorizing the commencement of such action.Proceedings to enforce oil and gas liens involving more than one oil and gas well in one county can be joined by an interest owner in the same action. Any number of persons claiming oil and gas liens with respect to the oil or gas from the same oil and gas well or wells may join in the same action and where separate actions are commenced, the district court may consolidate them. The district court shall allow as part of the costs of the action all costs of collection including, without limitation, reasonable attorney fees for the prevailing party in the trial and appellate tribunals.B. Nothing in this act shall be construed to impair or affect the right of any interest owner to maintain a personal action to recover the debt against any person liable for payment of the sales price or to exercise any other rights and remedies available at law or in equity.Added by Laws 2010, c. 142, § 10, emerg. eff. April 19, 2010.
52 OK Stat § 52-549.11 (2021)
2021 Oklahoma Statutes|Title 52. Oil and Gas|§52-549.11. Rights of operator.

|RIGHTS OF OPERATOR NOT IMPAIRED |This act does not impair an operator's right to be paid, set-off or withhold funds from another interest owner as security for or in satisfaction of any debt or security interest. In case of a dispute between an operator and another interest owner, a good-faith tender of funds by anyone operates as a tender of the funds to both in any of the following circumstances:1. To the person who the operator and other interest owner jointly direct the first purchaser in writing to pay;2. To a person who otherwise shows himself or herself to be the one entitled to the funds; or3. To a court of competent jurisdiction in the event of litigation or bankruptcy.Added by Laws 2010, c. 142, § 11, emerg. eff. April 19, 2010.
52 OK Stat § 52-549.12 (2021)
2021 Oklahoma Statutes|Title 52. Oil and Gas|§52-549.12. Cumulative rights.

|RIGHTS CUMULATIVE |A. The provisions of this act and the rights granted under this act are intended to be cumulative with all other rights an interest owner may otherwise have at law or in equity. To the extent that there is a conflict between the provisions of this act and any other rights an interest owner has at law or in equity, then the rights of the interest owner are to be liberally construed to the end that those rights which afford the interest owner the most comprehensive protection to secure the receipt by the interest owner of the sales price shall be given preference.B. The rights of any interest owner accrued under the provisions of Section 548.1 et seq. of Title 52 of the Oklahoma Statutes prior to the effective date of this act shall be preserved to the extent not in conflict with the provisions of this act.Added by Laws 2010, c. 142, § 12, emerg. eff. April 19, 2010.
52 OK Stat § 52-551 (2021)
2021 Oklahoma Statutes|Title 52. Oil and Gas|§52-551. Definitions.

|As used in this act: |1. "Holder" means any person in possession of property subject to this act, when said property belongs to another person; and2. "Persons" means any individual, partnership, joint stock association, trust, cooperative, unincorporated association or corporation.Added by Laws 1983, c. 320, § 1, eff. July 1, 1984.
52 OK Stat § 52-552 (2021)
2021 Oklahoma Statutes|Title 52. Oil and Gas|§52-552. Escrow accounts.

|A. The Corporation Commission shall require the establishment of an escrow account by each holder of monies in each case where: |1. Royalties, bonus payments, or other monies are directed to be paid under a pooling order, issued under the provisions of Section 87.1 of Title 52 of the Oklahoma Statutes; and2. Persons entitled to the receipt of such monies are unknown or cannot be located after exercise of due diligence.B. The escrow account shall be for the benefit of the rightful recipient of the monies. Any person showing to the holder sufficient proof of identity and proof of ownership of the property shall be promptly paid the sum accumulated for his benefit in the escrow account.C. The Corporation Commission shall require reports of each such account be filed within one (1) year after the pooling order. The reports shall include, but not be limited to:1. The name and last-known address of the property owner;2. The legal description of the property interest subject to the pooling order;3. The location and account number of the escrow account;4. The person authorized to order withdrawals from the account;5. The date of the pooling order; and6. Such other information as the Commission may require.D. If any holder of monies is required to establish more than one escrow account by operation of any section of this act, then the monies accruing may all be commingled in a single account. Separate records of each deposit and withdrawal on behalf of specific persons shall be maintained.E. One (1) year after the date of the pooling order, the holder shall submit the report of funds that have been held in escrow, and shall transmit to the Corporation Commission the funds that have been so held. If additional monies covered by this act are subsequently generated from mineral interests included in a pooling order, they shall likewise be held in escrow and transmitted annually by the holder, along with the names of mineral owners who have in the intervening year submitted proper claims of ownership to mineral interests covered by this act.Provided, however, that payment of such monies shall be optional with the holder if the amount held for any one person is One Hundred Dollars ($100.00) or less. This exemption does not relieve the holder of filing the required reports, regardless of the amount.Added by Laws 1983, c. 320, § 2, eff. July 1, 1984.
52 OK Stat § 52-553 (2021)
2021 Oklahoma Statutes|Title 52. Oil and Gas|§52-553. Mineral Owner's Fund.

|There is hereby created in the State Treasury the "Mineral Owner's Fund" the principal of which shall constitute a trust fund for persons claiming any interest in monies delivered to this state under this act. The fund shall be invested and shall not be expended except as provided in this act. All monies received under this act shall be promptly deposited into the Mineral Owner's Fund. |Added by Laws 1983, c. 320, § 3, eff. July 1, 1984.
52 OK Stat § 52-554 (2021)
2021 Oklahoma Statutes|Title 52. Oil and Gas|§52-554. Transmission of funds - Escrow report - Claims against Mineral Owner's Fund.

|A. The Corporation Commission shall, by the close of the second working day following the day on which the funds are received from holders, transmit the funds to the State Treasurer, who shall hold the funds in trust for the mineral owners in the Mineral Owner's Fund. |B. The Corporation Commission shall, within ninety (90) days of receipt, provide copies of escrow reports required by Section 551 et seq. of this title to the State Treasurer. The State Treasurer shall include these names in the regular annual process to locate the owners of unclaimed property.C. Claims against the Mineral Owner's Fund shall be submitted to the State Treasurer, and upon sufficient proof of ownership, the State Treasurer shall pay monies to the rightful owner or to the rightful owner’s heirs, devisees or assigns from the Unclaimed Property Fund, to be reimbursed quarterly from the Mineral Owner's Fund, for such claim.D. The Corporation Commission shall retain ten percent (10%) of each amount of funds transferred to the State Treasurer to cover the Corporation Commission’s cost of administration of the requirements of Section 551 et seq. of this title.Added by Laws 1983, c. 320, § 4. Amended by Laws 1999, c. 10, § 35, eff. July 1, 1999; Laws 2003, c. 468, § 6, eff. July 1, 2003.
52 OK Stat § 52-555 (2021)
2021 Oklahoma Statutes|Title 52. Oil and Gas|§52-555. Investment of funds - Apportionment of interest.

|The State Treasurer shall invest the monies in the Mineral Owner's Fund and shall annually apportion the interest earned as follows: |1. Twenty-five percent (25%) to the Corporation Commission to be used for plugging abandoned oil and gas wells, pursuant to Sections 308 et seq. of this title, not to exceed Three Hundred Thousand Dollars ($300,000.00) per year; provided, that any amount that would cause funds available for that purpose to exceed Five Hundred Thousand Dollars ($500,000.00) in any one (1) year shall remain in the Mineral Owner's Fund;2. Fifty percent (50%) to the State Treasurer but not more than Two Hundred Thousand Dollars ($200,000.00) per year, to be spent for advertising, personnel and other expenses incurred to search for the rightful owners of unclaimed intangible property generated by mineral interests; and3. Any remaining interest shall be added to the principal of the Mineral Owner's Fund.Added by Laws 1983, c. 320, § 5. Amended by Laws 1999, c. 10, § 36, eff. July 1, 1999; Laws 2003, c. 468, § 7, eff. July 1, 2003.
52 OK Stat § 52-556 (2021)
2021 Oklahoma Statutes|Title 52. Oil and Gas|§52-556. Custody of Mineral Owner's Fund - Transfer of monies to Unclaimed Property Fund.

|The State Treasurer shall retain custody of the Mineral Owner's Fund and annually on a date established by the Treasurer shall transfer to the Unclaimed Property Fund those monies which have been in escrow accounts and the Mineral Owner's Fund five (5) years or more after the date of pooling. After that time, such monies shall be subject to the Uniform Unclaimed Property Act. |Added by Laws 1983, c. 320, § 6, eff. July 1, 1984. Amended by Laws 1991, c. 331, § 53, eff. Sept. 1, 1991; Laws 2000, c. 136, § 3, eff. July 1, 2000.
52 OK Stat § 52-557 (2021)
2021 Oklahoma Statutes|Title 52. Oil and Gas|§52-557. Conditions for oil well plugging approval.

|The Corporation Commission shall not finally approve the plugging of any well until the designated operator of such well files an affidavit stating that all monies arising out of the production or operation of such well: |1. have been paid to the rightful recipients over which said operator exercises control; or2. are being held in escrow; or3. have been transmitted to the Corporation Commission pursuant to the provisions of Sections 551 through 558 of this title.If any monies have not been paid as a result of being unable to locate the owner of such monies after the exercise of due diligence, or if any monies remain in escrow accounts, such monies shall be deposited immediately into the Mineral Owner's Fund. If any plugging bond has been submitted by the designated operator to the Corporation Commission, it shall not be released until the requirements of this section are met.Added by Laws 1983, c. 320, § 7, eff. July 1, 1984. Amended by Laws 1984, c. 212, § 1, emerg. eff. May 21, 1984.
52 OK Stat § 52-558 (2021)
2021 Oklahoma Statutes|Title 52. Oil and Gas|§52-558. Implementation of act – Rules - Prospective operation.

|A. The Corporation Commission and the State Treasurer are to establish, administer and enforce rules and shall establish procedures for the full coordinated implementation of Section 551 et seq. of this title. |B. The operation of Section 551 et seq. of this title shall be prospective only and shall apply only to pooling proceedings filed after July 1, 1984. Any person holding monies described in Section 551 et seq. of this title on July 1, 1984, may transmit such monies to the Corporation Commission for the Mineral Owner's Fund, and be relieved of liability as provided by Section 551 et seq. of this title.Added by Laws 1983, c. 320, § 8, eff. July 1, 1984. Amended by Laws 2001, c. 133, § 6, emerg. eff. April 24, 2001.
52 OK Stat § 52-570.1 (2021)
2021 Oklahoma Statutes|Title 52. Oil and Gas|§52-570.1. Short title.

|Sections 1 through 15 of this act shall be known and may be cited as the "Production Revenue Standards Act". |Added by Laws 1992, c. 190, § 1, eff. Sept. 1, 1992.
52 OK Stat § 52-570.3 (2021)
2021 Oklahoma Statutes|Title 52. Oil and Gas|§52-570.3. Application of act.

|The Production Revenue Standards Act shall apply to all owners and shall apply to all producing wells, regardless of the date pooled, drilled or of the date of the underlying leases; provided, however, that Sections 4, 5, 6, 7 and 8 of this act shall not apply to wells in common sources of supply under unitized management pursuant to Section 287.1 of Title 52 of the Oklahoma Statutes or where royalty remittance is otherwise provided by written agreement among all owners in a well. |Added by Laws 1992, c. 190, § 3, eff. Sept. 1, 1992.
52 OK Stat § 52-570.5 (2021)
2021 Oklahoma Statutes|Title 52. Oil and Gas|§52-570.5. Designation of person for certain royalty, accounting and remittance functions.

|A. The owners owning a majority in interest of the working interest in a well or the Corporation Commission for cause upon proper application by any working interest owner and notice to all working interest owners in a well may designate a person other than the operator, which person is defined for purposes of this section to include, but not be limited to, a bank or a trust company, to perform the royalty accounting and remittance functions assigned to the operator pursuant to the Production Revenue Standards Act, upon consent to and assumption by that person of: |1. Any costs thereby incurred; and2. An obligation to furnish to the operator such information necessary to the operator for the discharge of its duties.B. Any person designated pursuant to this section shall assume all rights and duties of and shall be held to the same standards of care as the operator as set forth in this section and Sections 4, 6, 7 and 13 and subsections A and G of Section 8 and subsections C and E of Section 10 of this act. Any person designated pursuant to this section who is not a working interest owner in the well, a first purchaser of production from the well or a bank or trust company shall be bonded or post other surety in an amount equal to Fifty Thousand Dollars ($50,000.00). Except as provided by private agreement or Corporation Commission order derived from other statutory authority, such person shall not thereby assume other rights or duties of the operator.Added by Laws 1992, c. 190, § 5, eff. July 1, 1993.
52 OK Stat § 52-570.6 (2021)
2021 Oklahoma Statutes|Title 52. Oil and Gas|§52-570.6. Selling royalty gas in kind - Consumption and accounting for royalty gas.

|A. A royalty interest owner who has a right to sell royalty gas in kind may do so as described in the agreement creating such right, but in no event upon less than sixty (60) days' prior written notice to its lessee or lessees and the operator. Solely for purposes of revenue allocation under the Production Revenue Standards Act, the interest of a royalty interest owner selling gas and the working interest burdened thereby shall each be regarded as part royalty interest and part working interest, in the same percentages that the royalty and working interests are provided in the lease. A royalty interest owner selling gas shall remit the royalty share of its gas sales to the operator in the same manner as any other producing owner. |B. If metered, consumption of gas from a well by a royalty interest owner or surface owner wherein there is no sale of such gas shall be deemed production by the working interest owner burdened by the contractual right to consume gas and shall be accounted for at the average price, weighted by volume, of gas from that well sold by such working interest owner during that month. In the absence of a sale by such working interest owner, the average price, weighted by volume, of gas from that well sold by all producing owners during that month, shall be used.C. A burdened working interest owner and the operator shall have the right to accomplish the accounting required pursuant to this section by offset or adjustment.D. Royalty gas taken in kind by the Commissioners of the Land Office shall be considered consumption of gas from a well by a royalty interest owner and shall be deemed production by the working interest owner burdened by the contractual right of the Commissioners of the Land Office to take such gas in kind. Such gas shall be accounted for by the working interest owner so burdened at the average price, weighted by volume, of gas from that well sold by such working interest owner during that month. In the absence of a sale by such working interest owner, the average price, weighted by volume, of gas from that well sold by all producing owners during that month shall be used. The Commissioners of the Land Office shall account to such working interest owner for such royalty gas taken in kind at the average price, weighted by volume, of gas from that well sold by all producing owners during that month.Added by Laws 1992, c. 190, § 6, eff. July 1, 1993.
52 OK Stat § 52-570.7 (2021)
2021 Oklahoma Statutes|Title 52. Oil and Gas|§52-570.7. Out-of-balance wells.

|A. For purposes of the Production Revenue Standards Act a well is out of balance when cumulative gas sales on a volumetric basis for the account of all owners in a well have not been made in proportion to the respective net revenue interest of each owner. |B. In a well wherein the cumulative gas production accounts of royalty interest owners are out of balance, producing owners in that well may agree to have the distribution of gas royalty proceeds among the royalty interest owners made in a manner other than according to their proportionate royalty shares, provided that:1. Such variance shall only be permitted to the extent required to balance the cumulative gas production accounts of the royalty interest owners; and2. Prior notice thereof is given to the royalty interest owners affected thereby, and to the operator along with any ongoing information necessary for the operator to discharge its duties.C. Nothing in this section shall be construed to impair any rights to balancing which may exist by contract or law.Added by Laws 1992, c. 190, § 7, eff. July 1, 1993.