Where royalties are paid in lieu of drilling off-set wells on forty-acre units adjacent to forty-acre units already in production, the forty-acre units adjacent to the forty-acre unit receiving the royalty payments shall immediately after the signing of the agreement or contract become off-set units, and drilling operations shall begin on each adjacent forty-acre off-sets, to the forty-acre unit receiving royalty payments in lieu of drilling the well in not less than ninety (90) days thereafter.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 6 - Oil, Gas, and Brine
Chapter 74 - Measurement, Inspection, And Sale Of Oil And Gas
§ 15-74-702. Royalties paid in lieu of drilling off-set wells on adjacent units
§ 15-74-703. Entitlement of royalty interests to premiums and bonuses
§ 15-74-705. Purchaser's price for royalty gas
§ 15-74-706. Contracting to buy royalty gas for less than price paid operator or lessee
§ 15-74-707. Time of royalty payment — Monthly statements to royalty owner
§ 15-74-709. Default or delinquency by lessees or others responsible for payment of royalties