(1) The Oil and Gas Commission shall consist of nine (9) members, each to be appointed for a term of six (6) years, and, in event of a vacancy, the Governor shall by appointment fill the unexpired term.
(2) All of the members of the commission shall be residents and citizens of the State of Arkansas and at least twenty-one (21) years of age, at least a majority of whom shall be experienced in the development, production, or transportation of oil or gas.
(3) Each member shall qualify by taking an oath of office and shall hold office until his or her successor is appointed and qualified.
(4) Each member may receive expense reimbursement and stipends in accordance with § 25-16-901 et seq.