Ark. Code § 15-73-207

Current with legislation from 2024 effective through May 3, 2024.
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.

Ark. Code § 15-73-207

Acts 2009, No. 719, § 1.