North Dakota Code 38-25-09 – Ownership of oil and gas
Current as of: 2023 | Check for updates
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All oil or gas previously reduced to possession and subsequently injected into underground storage facilities must be deemed the property of the storage operator subject to the obligation to pay royalties as set forth in section 38-25-10.
Terms Used In North Dakota Code 38-25-09
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Property: includes property, real and personal. See North Dakota Code 1-01-49