58 Pa. Stat. § 33.2

Current through 2024 legislation effective July 1, 2024
Section 33.2 - Definitions

The following words and phrases when used in this act shall have the meanings given to them in this section unless the context clearly indicates otherwise:

"Check stub." The financial record attached to a check.

"Division order." An agreement signed by a royalty owner directing the distribution of proceeds from the sale of oil, gas, casing head gas or other related hydrocarbons. The order shall direct and authorize the payor to make payment for products taken in accordance with the lease at the royalty owner's share established by the division order.

"Mcf." A unit of measurement expressed by 1,000 cubic feet.

"Royalty owner." Any owner of oil or gas in place or oil or gas rights, subject to a lease covering such oil or gas in place or oil or gas rights. The term includes the owner of an interest in an oil or gas lease which entitles him to share in the production of the oil or gas under such lease and the owner of any interest in the oil or gas in place, or oil or gas rights, who has not executed an oil and gas lease, to the extent that the owner is not designated an "operator" under 58 Pa.C.S. § 3203 (relating to definitions).

58 P.S. § 33.2

Amended by P.L. TBD 2022 No. 153, § 1, eff. 3/3/2023.
Added by P.L. 473 2013 No. 66, § 2, eff. 9/7/2013.