Current with legislation from 2024 Fiscal and Special Sessions.
Section 15-73-207 - Prudent operator standard(a) A mineral lessee under an oil and gas lease does not owe a fiduciary duty or a fiduciary obligation to the mineral lessor.(b) The mineral lessee shall: (1) Perform the covenants of the lease in good faith; and(2) Develop and operate the leased mineral estate as a prudent operator for the mutual benefit of the mineral lessor and mineral lessee.