Oregon Statutes 520.320 – Unitization order does not terminate prior agreements or affect oil and gas rights; acquisition of property during unit operations
(1) No division order or other contract relating to the sale or purchase of production from a separately owned tract may be terminated by the order providing for unit operations, but remains in force and applies to oil and gas allocated to that tract until terminated in accordance with the provisions thereof.
Terms Used In Oregon Statutes 520.320
- Contract: A legal written agreement that becomes binding when signed.
- Gas: means all natural gas and all other fluid hydrocarbons not defined as oil in subsection (5) of this section, including condensate originally in the gaseous phase in the reservoir. See Oregon Statutes 520.005
- Oil: means crude petroleum oil and all other hydrocarbons, regardless of gravity, that are produced in liquid form by ordinary production methods, but does not include liquid hydrocarbons that were originally in a gaseous phase in the reservoir. See Oregon Statutes 520.005
- Person: means any natural person, partnership, corporation, association, receiver, guardian, fiduciary, administrator, representative of any kind, or the State of Oregon and any public body as defined in ORS § 174. See Oregon Statutes 520.005
- Unit area: means one or more pools or parts thereof under unit operation pursuant to ORS § 520. See Oregon Statutes 520.005
(2) Except to the extent that the parties affected so agree, no order providing for unit operations results in a transfer of all or any part of the title of any person to the oil and gas rights in any tract in the unit area.
(3) All property, whether real or personal, that may be acquired in the conduct of unit operations under ORS § 520.260 to 520.330 and 520.230 (2) shall be acquired for the account of the owners within the unit area, and is the property of such owners in the proportion that the expenses of unit operations are charged. [1961 c.671 11,12]