To become entitled to the benefits provided in this subchapter, a person shall make application therefor to the Oil and Gas Commission at or before the issuance of the permit to drill the discovery well in the pool upon a form approved by the commission in which the applicant shall, among other things, state under oath:
(1) The location of the proposed discovery well; and
(2) A legal description of the land within the participating area as to which the applicant is the owner at that date.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 6 - Oil, Gas, and Brine
Chapter 72 - Oil and Gas Production and Conservation
§ 15-72-702. Bonus for discovery of oil pool
§ 15-72-703. Application for permit to drill discovery well
§ 15-72-704. Approval of application