This form is used when the parties own undivided leasehold interests in the Lease as to depths from the surface of the ground to a Specific Depth. The parties acknowledge that the production from a well on the leasehold interest will be obtained from depths in which the ownership is not common. Thus, the parties find it necessary to enter into this Agreement to enable the parties to each be paid a proportionate part of the commingled production from the separate depths in which they own interests.
Oklahoma Commingling Agreement Among Working Owners As to Production from Different Formations Out of the Same Well Bore, Where Leasehold Ownership Varies As to Depth
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US-OG-267
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The Corporation Commission was established in 1907 by Article 9 of the Oklahoma Constitution, and the First Legislature gave the Commission authority to regulate public service corporations, those businesses whose services are considered essential to the public welfare.
The Pipeline Safety Department administers the Oklahoma Corporation Commission's intrastate regulatory program to assure the safe transportation of natural gas, petroleum, and other hazardous materials by pipeline.
The Oklahoma Corporation Commission determines the rates of electric, natural gas, and water companies that are under the agency's jurisdiction, and also reviews the charges for fuel. Municipal utility rates are set by the municipality.
The Oklahoma Corporation Commission is responsible for licensing and regulating electric power utilities, natural gas utilities, drinking water utilities and telecommunications utilities.
The Corporation Commission received from the Legislature in 1915 the statutory responsibility for regulating the oil and gas exploration and production industries in Oklahoma.