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Ark. Code Ann. § 15-73-407

Procedure — Evidence authorizing lease

Acts 1935, No. 15, § 7; Pope's Dig., § 10555; A.S.A. 1947, § 53-407.

Insofar as § 18-60-401 et seq., relating to the partition of land, is not in conflict with this subchapter, those sections shall apply to the partition of interests in oil and gas leasehold rights on, in, and under lands. However, it shall not be necessary for the circuit court to find that the interests are not susceptible to partition in kind before it shall order the execution of any such oil and gas lease, but it shall be sufficient to justify the execution of the oil and gas lease on and covering the land that the evidence shows:

(1) That it is desirable for the property to be developed as a unit for oil and gas; and

(2) That the value of the interest owned by each of the parties would be more if the property were developed and operated as a unit than if divided.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.