All property, whether real or personal, which the unit may in any way acquire, hold or possess, may not be acquired, held or possessed by the unit for its own account but must be so acquired, held and possessed by the unit for the account and as agent of the several lessees and is the property of the lessees as their interests may appear under the plan of unitization, subject to the right of the unit to the possession, management, use or disposal of the property in the proper conduct of its affairs, and subject to any lien the unit may have on it to secure the payment of unit expense.
(Added to NRS by 1983, 2077)
Structure Nevada Revised Statutes
NRS 522.010 - Waste of oil and gas prohibited.
NRS 522.021 - "Correlative rights" defined.
NRS 522.023 - "Division" defined.
NRS 522.024 - "Division order" defined.
NRS 522.025 - "Field" defined.
NRS 522.0275 - "Hydraulic fracturing" and "hydraulically fractured" defined.
NRS 522.028 - "Lessee" defined.
NRS 522.0285 - "Lessor" defined.
NRS 522.0295 - "Operator" defined.
NRS 522.0301 - "Other nonworking interest" defined.
NRS 522.0305 - "Overriding royalty" defined.
NRS 522.031 - "Owner" defined.
NRS 522.033 - "Person" defined.
NRS 522.037 - "Producer" defined.
NRS 522.038 - "Royalty" defined.
NRS 522.039 - "Waste" defined.
NRS 522.0395 - "Working interest" defined.
NRS 522.040 - Powers and duties of Division.
NRS 522.060 - Establishment of drilling units for pools.
NRS 522.082 - "Unit production" defined.
NRS 522.0824 - Voluntary unitization; petition for compulsory unitization.
NRS 522.0828 - Order for compulsory unitization: Findings required before issuance.
NRS 522.083 - Order for compulsory unitization: Limitations on area of pool to be included in plan.
NRS 522.0838 - Plan of unitization: Required provisions.
NRS 522.0844 - Property acquired by unit is owned by lessees subject to management by unit.
NRS 522.085 - Distribution of production; distribution in kind under certain circumstances.
NRS 522.0854 - Expenses of unit: Liability of owners is several and limited to amount charged.
NRS 522.0868 - Plan approved by Division does not violate statutes prohibiting monopolies.
NRS 522.087 - Implied covenants unaffected.
NRS 522.0874 - Procedural requirements for petitions, notices and hearings.
NRS 522.0878 - Operation of well in unit area by persons not included in unit unlawful.
NRS 522.090 - Regulations and orders of Division: Notice; hearing and entry of order.
NRS 522.100 - Witnesses: Attendance and testimony; production of books and records; contempt.
NRS 522.110 - Application for rehearing.
NRS 522.118 - Applicability; alteration of previous agreement prohibited.
NRS 522.119 - Development of program; regulations.
NRS 522.130 - Injunctive relief.
NRS 522.140 - Application of chapter; lands subject to jurisdiction of United States.
NRS 522.160 - Nevada to join Interstate Compact.
NRS 522.170 - Contents of Interstate Compact.
NRS 522.180 - Extension of expiration date of Compact; reentry of State after withdrawal.
NRS 522.190 - Interstate Oil Compact Commission: State representation.