82-11-203. Pooling agreements not in violation of antitrust laws. (1) An agreement for the unit or cooperative development and operation of a field or pool or any part of either or for conducting repressuring or pressure maintenance operations, cycling or recycling operations, including the extraction and separation of liquid hydrocarbons from natural gas in connection therewith, or any other method of unit or cooperative operation, including water flooding, is authorized and may be performed.
(2) Such an agreement does not violate 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 board as being in the public interest and reasonably necessary to increase ultimate recovery or to prevent waste of oil or gas.
History: En. Sec. 8, Ch. 238, L. 1953; amd. Sec. 60, Ch. 253, L. 1974; R.C.M. 1947, 60-131.
Structure Montana Code Annotated
Title 82. Minerals, Oil, and Gas
Chapter 11. Oil and Gas Conservation
82-11-201. Establishment of well spacing units
82-11-202. Pooling of interest within spacing unit
82-11-203. Pooling agreements not in violation of antitrust laws
82-11-204. Hearing on operation of pool as unit
82-11-205. Board order for unit operation -- criteria
82-11-206. Terms and conditions of plan for unit operations
82-11-207. Approval of plan for unit operations by persons paying costs
82-11-208. Board orders -- amendment
82-11-209. Units established by previous order
82-11-210. Unit operations -- less than whole of pool
82-11-211. Operations considered as done by all owners in unit
82-11-212. Property rights and operator's lien
82-11-213. Contract not terminated by board order
82-11-214. Title to oil and gas rights not affected by board order
82-11-215. Unit operation not restraint of trade
82-11-216. No creation of relationship between parties in unit