458A.9 Voluntary agreements for unit operation valid.
An agreement for the unit or cooperative development and operation of a field or pool, in connection with the conduct of a repressuring or pressure maintenance operations, cycling or recycling operations, including the extraction and separation of liquid hydrocarbons from natural gas, or any other method of operation, including water floods, may be performed without being in violation of any of the statutes of this state relating to trusts, monopolies, or contracts and combinations in restraint of trade, if the agreement is approved by the department as being in the public interest, protective of correlative rights, and reasonably necessary to increase ultimate recovery or to prevent waste of oil or gas. The agreements bind only the persons who execute them, and their heirs, successors, assigns, and legal representatives.
[C66, 71, 73, 75, 77, 79, 81, §84.9; 82 Acts, ch 1199, §45, 96]
C93, §458A.9
Structure Iowa Code
Chapter 458A - OIL, GAS, AND OTHER MINERALS
Section 458A.1 - Declaration of policy.
Section 458A.3 - Waste prohibited.
Section 458A.4 - Duties and powers of director.
Section 458A.5 - Drilling permit required.
Section 458A.6 - Department shall determine market demand and regulate the amount of production.
Section 458A.7 - Department shall set spacing units.
Section 458A.8 - Integration of fractional tracts.
Section 458A.9 - Voluntary agreements for unit operation valid.
Section 458A.10 - Liens for development and operating costs.
Section 458A.11 - Rules covering practice before department.
Section 458A.14 - Appeal to district court — procedure of appeal.
Section 458A.17 - Action to restrain violation or threatened violation.
Section 458A.18 - Mineral rights taxed separately.
Section 458A.20 - Tax sale — redemption by owner.
Section 458A.21 - Lease of public lands.
Section 458A.23 - Action to obtain release — damages, costs, and attorney fees — attachment.