ORS 520.280¹
Allocation of production under plan
  • ownership

(1) The allocation described in ORS 520.270 (Plan for unit operations) (3) shall be in accord with the agreement, if any, of the interested parties. If there is no such agreement, the governing board of the State Department of Geology and Mineral Industries shall determine the relative value, from evidence introduced at the hearing, of the separately owned tracts in the unit area, exclusive of physical equipment, for development of oil and gas by unit operations. The production allocated to each tract shall be the proportion that the relative value of each tract so determined bears to the relative value of all tracts in the unit area.

(2) That portion of the unit production allocated to any tract, and the proceeds from the sale thereof, are the property and income of the several persons to whom, or to whose credit, they are allocated or payable under the order providing for unit operations. [1961 c.671 §§4,10]

Chapter 520

Atty. Gen. Opinions

Power of Depart­ment of Environ­mental Quality to regulate recovery of oil resources, (1972) Vol 35, p 1100; require­ments for exploring for or produc­tion of geothermal or oil or gas resources, (1974) Vol 37, p 68

Law Review Cita­tions

13 WLJ 305 (1977)

1 Legislative Counsel Committee, CHAPTER 520—Conservation of Gas and Oil, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors520.­html (2019) (last ac­cessed May 16, 2020).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2019, Chapter 520, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ano520.­html (2019) (last ac­cessed May 16, 2020).
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information