Rules & Regulations of the State of Tennessee
Title 0400 - Environment and Conservation
Subtitle 0400-54 - Production (Transferred from 1040-04)
Chapter 0400-54-09 - Pressure Maintenance Projects and Secondary Recovery (Transferred from 1040-04)
Section 0400-54-09-.07 - PRO-RATA PAYMENT
Universal Citation: TN Comp Rules and Regs 0400-54-09-.07
Current through September 24, 2024
The owners of working interest in secondary recovery and pressure projects are required to pay their pro-rata share of the cost of equipping and operating said project. If any working interest owner fails to tender this just and reasonable share of costs, the Board may provide that the operator shall withhold all proceeds and be reimbursed for the non-participating owner's share of the proceeds to the extent of 150% to 200% of the amount advanced.
Authority: T.C.A §§ 60-1-201 et seq., and 4-5-201 et seq.
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