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Miss. Code Ann. § 53-3-111

How production allocated

Applied in 1 court decision — leading case Palmer Exploration, Inc. v. Dennis (1989)

Most recently applied in Palmer Exploration, Inc. v. Dennis (April 1989)

Codes, 1942, § 6132-106; Laws, 1964, ch. 236, § 6; Laws, 1972, ch. 365, § 4, eff from and after passage (approved April 24, 1972

The portion of unit production allocated to a separately owned tract within the unit area shall be deemed, for all purposes, to have been actually produced from such tract, and operations with respect to any tract within the unit area shall be deemed for all purposes to be the conduct of operations for the production of oil or gas, or both, from each separately owned tract in the unit area. However, when an oil, gas and mineral lease contains land partially within and partially without said unit area, the unit agreement and production from the unit shall have no force and effect on lands lying outside of such unit area and failure of the lessee or lessees thereof to drill and develop such lands lying outside said unit area within one (1) year or during the term of the lease, whichever is a longer period of time, from the date of determination of the unit area by the state oil and gas board shall render such lease or leases on lands lying outside said unit area void and of no force and effect, unless otherwise held by production other than from unit production.

Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.