InvestorsHub Logo
Followers 37
Posts 2699
Boards Moderated 0
Alias Born 01/09/2019

Re: None

Wednesday, 02/16/2022 7:49:31 PM

Wednesday, February 16, 2022 7:49:31 PM

Post# of 41366
I got another great hit..

(3) An operator seeking to consolidate two or more existing oil leases that it operates shall file and obtain approval of a commission form P-4 (certificate of compliance and transportation authority) and a commission form P-6 (request for permission to subdivide or consolidate oil lease(s)). A request to consolidate two or more oil leases may be approved administratively if the commission staff determines that approval of the request will not cause waste, harm correlative rights, or result in the circumvention of commission rules and:
(A) the mineral and royalty ownership of the leases proposed for consolidation is identical in all respects;
(B) the operator has obtained a surface commingling exception permit pursuant to §3.26 of this title (relating to separating devices, tanks, and surface commingling of oil) that authorizes commingling of production from all of the leases proposed for consolidation; or
(C) the operator has filed and obtained approval of a valid commission form P-12 (certificate of pooling authority) authorizing pooling of all of the leases proposed for consolidation.