Unitization order does not terminate prior agreements or affect oil and gas rights
- • acquisition of property during unit operations
(1) No division order or other contract relating to the sale or purchase of production from a separately owned tract may be terminated by the order providing for unit operations, but remains in force and applies to oil and gas allocated to that tract until terminated in accordance with the provisions thereof.
(2) Except to the extent that the parties affected so agree, no order providing for unit operations results in a transfer of all or any part of the title of any person to the oil and gas rights in any tract in the unit area.
(3) All property, whether real or personal, that may be acquired in the conduct of unit operations under ORS 520.260 (Hearing to determine need for unitization of operations) to 520.330 (Effect of operations in unit area) and 520.230 (Approved agreement for cooperative or unit development of pool not to be construed as violating certain regulatory laws) (2) shall be acquired for the account of the owners within the unit area, and is the property of such owners in the proportion that the expenses of unit operations are charged. [1961 c.671 §§11,12]
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.