After discharge of the receiver, if it should become necessary for unit operating agreements, royalty unitization agreements, royalty pooling agreements, field unitization and repressure agreements, or other agreements and contracts relative thereto to be executed, the clerk of the court is authorized to petition the circuit court for the authority to execute the agreements, with notice to such persons, if any, as the court may direct.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 5 - Mineral Resources Generally
Chapter 56 - Mineral Lands And Interests
Subchapter 3 - Leases Generally
§ 15-56-301. Multiple owner authority to lease mineral lands — Mineral defined
§ 15-56-302. Summons — Validity of lessee's title
§ 15-56-303. Parties in interest — Right to appear or intervene
§ 15-56-304. Petition to lease or operate — Parties defendant
§ 15-56-305. Receiver — Disposition of proceeds
§ 15-56-306. Reporting and approval of leases
§ 15-56-307. Sale of land or mineral rights — Lease unaffected
§ 15-56-308. Discharge of receiver — Accounting
§ 15-56-309. Execution of agreements subsequent to discharge of receiver
§ 15-56-310. In rem proceedings against unleased interest in minerals