It shall be the duty of both the lessee, or his or her assignee, and any pipeline company, corporation, or individual contracting for the purchase of oil or gas under any oil, gas, or mineral lease to protect the royalty of the lessor's interest by paying to the lessor or his or her assignees the same price, including premiums, steaming charges, and bonuses of whatsoever name for royalty oil or gas that is paid the operator or lessee under the lease for the working interest thereunder.
Ark. Code Ann. § 15-74-705
Purchaser's price for royalty gas
Applied in 2 court decisions — leading case Seeco, Inc. v. Hales (2000)
Most recently applied in Seeco, Inc. v. Hales (July 2000)
Acts 1929, No. 222, § 3; Pope's Dig., § 10500; A.S.A. 1947, § 53-511.
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.