reglab/housing_qa huggingface dataset:
AR Code § 15-72-1001 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 6 - Oil, Gas, and Brine|Chapter 72 - Oil and Gas Production and Conservation|Subchapter 10 - Enhanced Recovery|§ 15-72-1001. Tax incentives — Increased volume by enhanced recovery

 An oil producer who initiates a program for the enhanced recovery of crude oil pursuant to a plan first approved by the Oil and Gas Commission for purposes of recovering the incremental oil from a well or group of wells which results in the production of a volume of crude oil in excess of the volume produced prior to the commencement of the project shall be granted a fifty percent (50%) reduction in the severance tax which would otherwise be required to be paid, as provided for in § 26-58-111(6), on the total quantity of the incremental increase in crude oil produced as a result of the approved enhanced recovery project.
AR Code § 15-72-1002 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 6 - Oil, Gas, and Brine|Chapter 72 - Oil and Gas Production and Conservation|Subchapter 10 - Enhanced Recovery|§ 15-72-1002. Tax incentives — Reestablishment of inactive wells and fields

 (a) Any oil well which has been inactive and has failed to produce any volume of crude oil for a period of at least twelve (12) consecutive calendar months which is restored and reestablished as a producer of crude oil shall be exempt from the payment of severance taxes on the volume of production for a period of ten (10) years from and after the date upon which the production is reestablished.  (b) Any oil field established by the Oil and Gas Commission which has become inactive by the cessation of production for a period of not less than twelve (12) consecutive calendar months shall be exempt from the payment of severance taxes in the event production of crude oil from the field is reestablished with respect to all crude oil subsequently produced from the zones, horizons, and formations which had previously been productive but subsequently ceased to produce.
AR Code § 15-72-1003 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 6 - Oil, Gas, and Brine|Chapter 72 - Oil and Gas Production and Conservation|Subchapter 10 - Enhanced Recovery|§ 15-72-1003. Tax incentives — Increased volume by new research technology

 If the utilization of new research technology results in the increased production of crude oil by an active field, as established by the Oil and Gas Commission, then the total quantity of the incremental increase in crude oil produced as a result of the new technology shall be exempt from severance tax.
AR Code § 15-73-201 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 6 - Oil, Gas, and Brine|Chapter 73 - Oil And Gas Leases And Lease Interests|Subchapter 2 - Leases Generally|§ 15-73-201. Lease extended by production — Scope

 (a)  (1) The term of an oil and gas, or oil or gas, lease extended by activities on lands in one (1) section or pooling unit, whether established by rule or by order of the Oil and Gas Commission or the lease, shall not be extended to sections or pooling units under the lease where there has been no activity.  (2) This subsection does not prevent the parties to the lease from agreeing to a continuous drilling provision in order to extend the lease term to additional lands drilled or included in another section or unit if the lessor's waiver of the right to terminate the lease to the additional lands, sections, or units where no activity has occurred before the expiration of the lease is fully set forth in the lease or another agreement in bold, enlarged, or other distinctive print.    (b) After the primary term of a lease in an uncontrolled oil field with no spacing requirements, a producing well shall contain a maximum of one (1) governmental quarter-quarter section as a production unit.
AR Code § 15-73-202 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 6 - Oil, Gas, and Brine|Chapter 73 - Oil And Gas Leases And Lease Interests|Subchapter 2 - Leases Generally|§ 15-73-202. Leases of oil, gas, and mining interests by churches, lodges, and eleemosynary institutions

 Except where otherwise provided for in the charter, constitution, or bylaws of any church, lodge, or other eleemosynary institution, the trustee, deacons, or other governing body shall have the right and authority to make, execute, and deliver oil, gas, and mining leases, and mineral deeds upon lands owned by the institutions upon such terms and conditions as the governing body shall deem to be in the best interest of the institutions, and the majority vote of the body shall control in all such actions taken by the body.
AR Code § 15-73-203 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 6 - Oil, Gas, and Brine|Chapter 73 - Oil And Gas Leases And Lease Interests|Subchapter 2 - Leases Generally|§ 15-73-203. Forfeiture of oil, gas, or mineral leases — Duty of lessee to cancel or release

 (a) It shall be the duty of each person holding an oil, gas, or other mineral lease for prospecting and exploiting for oil, gas, or other minerals, upon any real estate in the State of Arkansas, upon forfeiting the rights to further prospect on the lands by failure to pay any rental or to perform any condition imposed by the terms of the lease on the lessee, or otherwise forfeiting the rights under the lease, upon the notice hereinafter prescribed in § 15-73-204 by the lessor, to execute a release to the grantor or otherwise remove any cloud or encumbrance on the title to the lands by reason of the forfeited lease.  (b)  (1) However, it shall be sufficient if the lessee in the original lease, or his or her assignee of record, shall endorse on the margin of the record of the original lease a cancellation or release of the lease. Endorsing on the margin of the record of the original release such words as “Forfeited and Cancelled” followed by the date of entry and the signature of the owner of the lease of record, either the original lessee or the then owner by proper assignments of record, attested to by the recorder, shall be sufficient. No satisfaction or cancellation on the margin of the record shall be sufficient unless it is attested to by the recorder in person or by his or her deputy.  (2) No person shall be required to release of record any portion of an original lease which he or she does not own, but is responsible only for that portion of the lease to which he or she holds title of record.
AR Code § 15-73-204 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 6 - Oil, Gas, and Brine|Chapter 73 - Oil And Gas Leases And Lease Interests|Subchapter 2 - Leases Generally|§ 15-73-204. Notice to lessee to release forfeited lease — Damages for failure to release

 Any owner of lands upon which a lease for the development of oil or gas or other minerals has been given and the lessee forfeits his or her rights at any time to further prospect for such minerals upon the lands by reason of a failure to pay periodical rentals or failure to perform other conditions that nullify the lease as to lessee's rights therein may give written notice, served in the manner of a legal summons upon the lessee, demanding that the lessee execute and place on record a release which in effect will remove any cloud existing upon the title of the lands as provided in § 15-73-203. Upon failure of the lessee to comply with the notice, he or she shall be liable to the lessor or owner of the lands:   (1) In double damages in whatever sum the owner of the lands may sustain by reason of the cloud or encumbrances upon the lands, after thirty (30) days from the service of the notice, to be not less than two (2) annual rentals as fixed by the original lease; and  (2) For all costs, including a reasonable attorney's fee to be fixed by the court.
AR Code § 15-73-205 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 6 - Oil, Gas, and Brine|Chapter 73 - Oil And Gas Leases And Lease Interests|Subchapter 2 - Leases Generally|§ 15-73-205. Failure to pay rental installment — Endorsement of forfeiture

 (a) If any installment of rental due under a lease is not paid when due according to the terms of the original lease, thus causing a forfeiture and termination of the lease, the then-owner of the fee in the lands affected may endorse on the margin of the record of the original lease a statement to the effect that the rental has not been so paid and that the lease therefore is forfeited, which endorsement shall be signed by the landowner and dated and attested by the recorder, and shall be notice binding upon all subsequent purchasers or holders under the original lease, and shall be prima facie evidence of the termination and forfeiture of the lease.  (b)  (1) Provided, if any person shall wrongfully or falsely make the endorsement, or cause the endorsement to be made, he or she shall be liable for double damages to any person injured or damaged thereby.  (2) Provided further, this section shall not relieve the owner of the lease from the duty of clearing the record as provided by § 15-73-203.
AR Code § 15-73-207 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 6 - Oil, Gas, and Brine|Chapter 73 - Oil And Gas Leases And Lease Interests|Subchapter 2 - Leases Generally|§ 15-73-207. Prudent operator standard

 (a) A mineral lessee under an oil and gas lease does not owe a fiduciary duty or a fiduciary obligation to the mineral lessor.  (b) The mineral lessee shall:  (1) Perform the covenants of the lease in good faith; and  (2) Develop and operate the leased mineral estate as a prudent operator for the mutual benefit of the mineral lessor and mineral lessee.
AR Code § 15-73-208 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 6 - Oil, Gas, and Brine|Chapter 73 - Oil And Gas Leases And Lease Interests|Subchapter 2 - Leases Generally|§ 15-73-208. Transfer of mineral lease — Notice

 (a) A person holding a mineral lease shall notify the owner of the mineral rights upon which the lease has been given upon the first transfer of the mineral lease to another person if the transfer occurs within twenty-four (24) months after the execution of the lease.  (b) The written notice shall include:  (1) The name of the buyer of the mineral lease;  (2) The address of the buyer of the mineral lease; and  (3) Information on how to contact the buyer of the mineral lease.    (c) The written notice shall be sent through the United States Postal Service by first class mail.  (d) This section shall apply to a mineral lease entered into after August 1, 2009.
AR Code § 15-73-301 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 6 - Oil, Gas, and Brine|Chapter 73 - Oil And Gas Leases And Lease Interests|Subchapter 3 - Leases by Life Tenants|§ 15-73-301. Leases by persons invested with life estate

 Whenever any land in this state may hereafter be, or shall have heretofore been, devised by will or conveyed by grant to any person by any language which at common law would have vested in that person an estate in fee tail, then the person who at common law would have been invested with a fee tail estate in the lands and who under the provisions of § 18-12-301 is or shall be invested with a life estate therein is authorized and empowered to execute oil and gas leases on the land, in the manner set out in this subchapter.
AR Code § 15-73-302 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 6 - Oil, Gas, and Brine|Chapter 73 - Oil And Gas Leases And Lease Interests|Subchapter 3 - Leases by Life Tenants|§ 15-73-302. Petition to lease by life tenant — Contents

 Whenever any life tenant shall desire to lease any land for the production of oil and gas, he or she shall file a verified petition with the circuit court of the county in which the lands or the greater part thereof may be situated, praying for authority to execute the lease. The person shall make as parties respondent to the petition all persons then in being who under the terms of the will or grant would become invested with title to the lands or any interest therein should the death of the life tenant occur on the date of the filing of the petition. The petition shall set out:   (1) The description of the land;  (2) From whom he or she acquired his or her title, with an attached, certified copy of the will or deed under which he or she claims;  (3) The name of the proposed lessee, the true consideration for the lease, and a general statement as to the provisions of the proposed lease; and  (4) A prayer for authority to execute the lease, and for the court to award the life tenant with title absolute in such proportion of the oil, gas, and other minerals, in, on, and under the lands, not exceeding a one-sixteenth (1/16) interest, together with the proportion of the consideration and delay rentals, as the court shall determine is fair compensation to the life tenant as damages to the life estate by the use of the surface of the lands in the exploration for and the development of oil and gas therefrom, and the petition shall further pray for the appointment of a trustee to receive and hold the moneys, rents, and royalties as shall accrue to the contingent remainder estate under the lease.
AR Code § 15-73-303 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 6 - Oil, Gas, and Brine|Chapter 73 - Oil And Gas Leases And Lease Interests|Subchapter 3 - Leases by Life Tenants|§ 15-73-303. Hearing on lease execution

 (a) The circuit court shall consider the petition, and may, in its absolute discretion, require that other persons as it deems proper be made parties to the proceeding.  (b) All proceedings under the provisions of this subchapter shall begin at any time the court shall be in session twenty (20) days after service of summons on the respondents.  (c) The court may hear oral testimony to determine whether or not the execution of the lease is advisable.  (d) It shall also determine what part of the consideration therefor, the rentals accruing thereunder, and what proportion of the oil, gas, and minerals should be allowed to the life tenant in fee simple as compensation for the damage to his or her life estate on account of the execution of the lease.
AR Code § 15-73-304 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 6 - Oil, Gas, and Brine|Chapter 73 - Oil And Gas Leases And Lease Interests|Subchapter 3 - Leases by Life Tenants|§ 15-73-304. Court determinations, orders, and appointments

 If the circuit court after the hearing shall determine that the lease should be executed, it shall enter an order authorizing the life tenant to execute the lease. The court shall:   (1) Determine the extent to which the estate of the life tenant may be damaged or impaired by the development and operations of the property for oil and gas, and the court may allow the life tenant as compensation all or any part of the consideration paid for the lease, and all or any part of the rentals which may accrue on account of delay in beginning operations, and the proportion of the oil, gas, and minerals in, on, and under the lands, not to exceed an undivided one-sixteenth (1/16) interest therein. The order of the court, upon the approval and confirmation of the lease as provided in § 15-73-305, shall vest in such life tenant title absolute in fee simple in and to the proportionate part of the consideration, delay rentals, and mineral interest so awarded to him or her by the court, which interest shall be free and clear of any limitations, conditions, or restrictions imposed by the will or deed by which he or she acquired title, and free and clear of any present or future claim of any person or persons asserting or attempting to assert a reversional or a remainder interest therein on account of the deed or will;  (2) Appoint some suitable person as trustee for the benefit of the contingent remaindermen and reversioners, and require that the trustee shall execute bond in a sum as the court may deem proper;  (3) Direct and authorize the life tenant, after the filing of the bond by the trustee, to execute to the lessee an oil and gas lease covering the lands, which lease shall reserve as royalty not less than one-eighth (1/8) of the oil and gas which may be produced, saved, and marketed from the lands. Of the royalty so reserved, the life tenant shall receive the proportion as the mineral interest allowed to him or her by the court as damages bears to the amount of royalty reserved under the lease, i.e. if the court allows the life tenant a one-sixteenth (1/16) interest and the lease reserves one-eighth (1/8) as royalty, the life tenant would be entitled to receive one-half (½) of the royalty; and  (4) Make such further orders in the premises as may seem equitable and just.
AR Code § 15-73-305 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 6 - Oil, Gas, and Brine|Chapter 73 - Oil And Gas Leases And Lease Interests|Subchapter 3 - Leases by Life Tenants|§ 15-73-305. Court approval of lease and confirmation of sale

 (a) After the trustee shall have executed the bond required by the circuit court, the life tenant shall execute and present to the court for its examination the oil and gas lease so authorized, which lease shall show what part of the consideration, rents, and royalties shall be paid to the life tenant and what part to the trustee.  (b) If the court shall find the lease conforms to its previous orders, and shall be further satisfied that the consideration therefor has been paid to the trustee and the life tenant in conformity with the previous order of the court, it shall approve the lease and confirm the sale thereof, whereupon the lessee shall become vested with the leasehold interest in and to the oil, gas, and other minerals in, on, and under the lands, free and clear of any limitations, restrictions, or conditions imposed upon the lands in the grant or will under which the life tenant acquired title to the lands, and free and clear of any present or future claim of any person or persons asserting or attempting to assert a reversional or remainder interest therein on account of the deed or will, and subject only to the conditions imposed by the lease.
AR Code § 15-73-306 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 6 - Oil, Gas, and Brine|Chapter 73 - Oil And Gas Leases And Lease Interests|Subchapter 3 - Leases by Life Tenants|§ 15-73-306. Trustee

 (a) The trustee shall be under the continuing control of the circuit court.  (b) The court may remove the trustee at will, and on the death, removal from the county, or resignation of the trustee, the court may appoint his or her successor.  (c) The trustee, by and with the consent and approval of the court, may invest the funds coming into his or her hands in such securities as guardians are authorized to invest the moneys of their wards.  (d) The trustee shall be allowed as compensation for his or her services such sum as the court may fix, not exceeding five percent (5%) of moneys collected by him or her.  (e) The court may at any time require the trustee to execute an additional bond.  (f) The trustee shall faithfully account for all moneys coming into his or her hands and upon the death of the life tenant shall pay over to the person or persons then entitled thereto all of the moneys so accrued upon order of the chancery court.
AR Code § 15-73-307 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 6 - Oil, Gas, and Brine|Chapter 73 - Oil And Gas Leases And Lease Interests|Subchapter 3 - Leases by Life Tenants|§ 15-73-307. Divestiture of contingent remaindermen's title

 The order of the court fixing the proportionate part of the minerals allowed to the life tenant as compensation for damages, and the order confirming the execution of the lease, shall operate to:   (1) Work a divestiture of title of the contingent remaindermen, and each of them, in and to the proportionate part of the minerals allowed to the life tenant, absolutely, and in and to the leasehold estate insofar as the interest is conveyed by the lease; and  (2) Free the respective interests of any limitations, restrictions, or conditions imposed by the original will or deed.
AR Code § 15-73-308 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 6 - Oil, Gas, and Brine|Chapter 73 - Oil And Gas Leases And Lease Interests|Subchapter 3 - Leases by Life Tenants|§ 15-73-308. Expiration, forfeiture, or cancellation of lease — New lease

 If any lease executed under the provisions of this subchapter shall forfeit, expire, become cancelled, or be rescinded before the death of the life tenant, the life tenant may execute a new lease in the manner provided by this subchapter, but in that case the court shall not allow him or her any further proportion of the minerals, but may allow him or her all or any part of the consideration and the rentals as may seem to the court to be equitable and just.
AR Code § 15-73-309 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 6 - Oil, Gas, and Brine|Chapter 73 - Oil And Gas Leases And Lease Interests|Subchapter 3 - Leases by Life Tenants|§ 15-73-309. Binding conveyances by reversioner or remaindermen to life tenant or his or her lessee

 Whenever a life estate in lands has been in existence for thirty (30) years and oil has been produced from such lands for twenty (20) years under an oil and gas lease or leases executed by a life tenant, to whom the creator of the life estate had subsequently conveyed or attempted to convey his or her remaining interest in the land, and where all of the contingent remaindermen in esse at the time of the initial production of such oil have attempted to convey their interests by warranty deeds to the life tenant, or have executed and delivered, either in person or by guardian, an oil and gas lease or leases covering the lands to the life tenant's lessee, then, and in that event, all warranty deeds and all oil and gas leases shall be binding upon all contingent remaindermen who executed the warranty deed or deeds, or who executed the oil and gas lease or leases, whether in person or by guardian, upon their heirs and assigns, and upon all persons who heretofore have become or hereafter might become contingent remaindermen, to the same extent and with like effect as though the remainders had been vested at the time of the execution of the warranty deed or deeds and the oil and gas lease or leases. Where all of the contingent remaindermen in esse at the time of the initial production of oil shall have heretofore or hereafter conveyed or attempted to convey their interest in the land to the life tenant, then, and in that event, the fee title to the land shall be deemed vested in the life tenant free from any and all contingent remainders.
AR Code § 15-73-401 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 6 - Oil, Gas, and Brine|Chapter 73 - Oil And Gas Leases And Lease Interests|Subchapter 4 - Partition of Oil and Gas Lease Interests|§ 15-73-401. Partition when entire leasehold is unleased and nonproducing

 Whenever any land in fee, the oil and gas in, on, and under such lands, situated in the State of Arkansas, shall be owned by two (2) or more persons, firms, or corporations in joint tenancy, in common or in coparcenary, and there shall be no actual production therefrom of oil and gas, and no outstanding oil and gas lease thereon covering the entire leasehold estate, any one (1) or more of the owners of the land in fee, and of the oil and gas interest on and in such land, may have a sale and partition of the entire oil and gas leasehold interest therein and thereon, in the manner hereinafter provided.