Findings of board requiring order for unit operation of a pool
Applied in 1 court decision — leading case Application of Koch Exploration Co. (1986)
Most recently applied in Application of Koch Exploration Co. (May 1986)
Source: SDC Supp 1960, § 42.0710 (2) as enacted by SL 1961, ch 211, § 1.
The Board of Minerals and Environment shall make an order providing for the unit operation of a pool or part thereof if it finds that:
(1) Such operation is reasonably necessary to increase substantially the ultimate recovery of oil or gas; and
(2) The value of the estimated additional recovery of oil or gas exceeds the estimated additional cost incident to conducting such operations.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.