Tenn. Comp. R. & Regs. 0400-54-09-.07
Current through October 22, 2024
The owners of working interest in secondary recovery and pressure projects are required to pay their pro-rata share of the cost of equipping and operating said project. If any working interest owner fails to tender this just and reasonable share of costs, the Board may provide that the operator shall withhold all proceeds and be reimbursed for the non-participating owner's share of the proceeds to the extent of 150% to 200% of the amount advanced.
Tenn. Comp. R. & Regs. 0400-54-09-.07
Authority: T.C.A §§ 60-1-201 et seq., and 4-5-201 et seq.