Ky. Rev. Stat. § 353.653

Current through Acts Received April 24, 2024
Section 353.653 - Share of production from drilling unit or unitized pool

Each operator shall have the right to take in kind its share of any oil or gas produced from any drilling unit or pool unitized under KRS 353.510, 353.520, 353.565, 353.610, 353.651 to 353.654, 353.700, or 353.991. The operator shall pay the expenses occasioned thereby and pay or account to the unit operator for the oil or gas or the value thereof if he has not paid his share of drilling, completing and operating costs. This section applies to deep well drilling units only.

KRS 353.653

Effective:7/13/1990
Amended 1990 Ky. Acts ch. 11, sec. 2, effective7/13/1990. -- Created 1974 Ky. Acts ch. 45, sec. 9.