Oklahoma Administrative Code
Title 165 - Corporation Commission
Chapter 10 - Oil And Gas Conservation
Subchapter 24 - Market Sharing
Section 165:10-24-5 - Replacement of the designated marketer
Universal Citation: OK Admin Code 165:10-24-5
Current through Vol. 41, No. 13, March 15, 2024
A new designated marketer may be appointed by a majority vote of the remaining market sharing owners. If an electing owner does not agree to the terms of a gas contract with a term greater than one year, the electing owner may elect a new designated marketer unless said election is prohibited by 165:10-24-4(i) and (j). Otherwise, substitution of the designated marketer shall occur not more than once every twelve months.
Added at 10 Ok Reg 2601, eff 6-25-93
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