77-4-125. Pooling agreements and unit operations. (1) Nothing contained in this part or other related laws shall prevent the board from entering into agreements for the pooling of acreage for unit operations for the production of geothermal resources and apportionment of geothermal royalties on an acreage or other equitable basis or from modifying the royalty provisions of existing leases and all subsequent leases in accordance with pooling agreements and unit plans of operation. No agreement may be entered into which changes the percentage of royalties to be paid to the state from the percentages fixed in its leases.
(2) Geothermal resources produced from any part of a unit in which state lands are included by virtue of a pooling agreement shall be considered to be produced from the state lands therein.
History: En. 81-2604 by Sec. 4, Ch. 111, L. 1974; R.C.M. 1947, 81-2604(5), (6).
Structure Montana Code Annotated
Chapter 4. Renewable Resources
77-4-101. Geothermal leases authorized
77-4-104. Nature of geothermal resources
77-4-105. State retention of geothermal resources
77-4-106. Bonding requirements
77-4-107. Compensation to surface lessee
77-4-108. Water rights in connection with geothermal development
77-4-110. through 77-4-120 reserved
77-4-121. Provisions of the lease
77-4-124. Operating agreements
77-4-125. Pooling agreements and unit operations
77-4-126. Royalties and rentals
77-4-127. Disposition of royalties and other receipts