All purchasers of oil and gas shall pay to the royalty interest the same premium or bonus above the posted market price for oil or gas they pay to the leaseholder or working interest under any oil, gas, or mineral lease on lands from which oil or gas may be purchased under contract with the lease owner or operator.
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