In instances where a well is completed prior to the pooling of interests in a spacing unit, the sharing of production shall be from the effective date of the pooling except that, in calculating costs, credit shall be given for the value of the owner's share of any prior production from the well.
S.D. Codified Laws § 45-9-36
Well completed prior to pooling of interest in spacing unit--Sharing of production--Calculation of costs
Source: SDC Supp 1960, § 42.0709 (3) as enacted by SL 1961, ch 211, § 1.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.