Current through the 2023 Regular Session
Section 82-11-205 - [Effective on occurrence of contingency] Board order for unit operation - criteriaThe board shall make an order providing for the unit operation of a pool or pools or part of the pools or of a geologic storage reservoir if it determines, based on evidence presented at the hearing, that:
(1) the operation is reasonably necessary to increase the ultimate recovery of oil or gas or the operation is necessary for the long-term storage of carbon dioxide;(2) the value of the estimated additional recovery of oil or gas less royalties or, as to gas pools only, the value of the economies to be effected, exceeds the estimated additional cost incident to conducting the operations; and(3)(a) the full areal extent of the pool or pools or part of the pools has been reasonably defined and determined by drilling operations; or(b) in the case of a geologic storage reservoir, the full areal extent of the project has been reasonably defined and determined by drilling operations, geologic interpretation, seismic information, or other information acceptable to the board.En. Sec. 2, Ch. 33, L. 1969; amd. Sec. 2, Ch. 150, L. 1971; amd. Sec. 62, Ch. 253, L. 1974; R.C.M. 1947, 60-131.2; amd. Sec. 25, Ch. 474, L. 2009.This section is set out more than once due to postponed, multiple, or conflicting amendments.