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ARKANSAS STATUTES AND CODES
§ 15-74-706 - Contracting to buy royalty gas for less than price paid operator or lessee.
15-74-706. Contracting to buy royalty gas for less than price paid operator or lessee.
It shall be unlawful for any pipeline company, corporation, or individual purchasing oil or gas from the operator or lessee of any oil, gas, or mineral lease to enter into any contract with the operator or lessee whereby the purchaser acquires the royalty oil or gas reserved in the oil, gas, or mineral lease for any price less than the price paid the operator or lessee of the lease.
It shall be unlawful for any pipeline company, corporation, or individual purchasing oil or gas from the operator or lessee of any oil, gas, or mineral lease to enter into any contract with the operator or lessee whereby the purchaser acquires the royalty oil or gas reserved in the oil, gas, or mineral lease for any price less than the price paid the operator or lessee of the lease.
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