STATE OF OKLAHOMA

1st Session of the 52nd Legislature (2009)

SENATE BILL 488	By:	Sparks

AS INTRODUCED

An Act relating to oil and gas; amending 82 O.S. 2001, Section 86.2, which relates to waste of oil; clarifying statutory reference; and declaring an emergency.

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1.     AMENDATORY     52 O.S. 2001, Section 86.2, is amended to read as follows:
Section 86.2  The term "waste", as applied to the production of oil, in addition to its ordinary meaning, shall include economic waste, underground waste, including water encroachment in the oil or gas bearing strata; the use of reservoir energy for oil producing purposes by means or methods that unreasonably interfere with obtaining from the common source of supply the largest ultimate recovery of oil; surface waste and waste incident to the production of oil in excess of transportation or marketing facilities or reasonable market demands.  The production of oil in the State of Oklahoma in such manner and under such conditions as to constitute waste as in this act, Section 86.1 of this title, defined is hereby prohibited, and the Commission shall have authority, and is charged with the duty, to make rules, regulations, and orders for the prevention of such waste, and for the protection of all fresh water strata and oil or gas bearing strata encountered in any well drilled for oil or gas.
SECTION 2.  It being immediately necessary for the preservation of the public peace, health and safety, an emergency is hereby declared to exist, by reason whereof this act shall take effect and be in full force from and after its passage and approval.

52-1-1191	MJM	1/8/2009 2:31:29 PM