Oklahoma Administrative Code (Last Updated: March 11, 2021) |
TITLE 165. Corporation Commission |
Chapter 10. Oil & Gas Conservation |
Subchapter 24. Market Sharing |
SECTION 165:10-24-5. Replacement of the designated marketer
Latest version.
- 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.