Indiana Code 14-38-1-4. “Proven territory” defined
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Terms Used In Indiana Code 14-38-1-4
- petroleum: means any liquid or gaseous hydrocarbon occurring in nature beneath the surface of the earth. See Indiana Code 14-38-1-3
Sec. 4. As used in this chapter, “proven territory” means territory so situated with reference to known producing wells as to establish the general opinion that, because of the territory’s relation to the producing wells, petroleum is contained in the territory.
[Pre-1995 Recodification Citation: 14-4-3-1(3).]
As added by P.L.1-1995, SEC.31.