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42 chapters · 1,615 sections in this title.
Ark. Code Ann. § 15-73-201 Lease extended by production — Scope
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(a) (1) The term of an oil and gas, or oil or gas, lease extended by activities on lands in one (1) section or pooling unit, whether established by rule or by order of the Oil and Gas Commission or the lease, shall not be extended to sections or pooling units under the lease wher…
Ark. Code Ann. § 15-73-202 Leases of oil, gas, and mining interests by churches, lodges, and eleemosynary institutions
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Except where otherwise provided for in the charter, constitution, or bylaws of any church, lodge, or other eleemosynary institution, the trustee, deacons, or other governing body shall have the right and authority to make, execute, and deliver oil, gas, and mining leases, and min…
Ark. Code Ann. § 15-73-203 Forfeiture of oil, gas, or mineral leases — Duty of lessee to cancel or release
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(a) It shall be the duty of each person holding an oil, gas, or other mineral lease for prospecting and exploiting for oil, gas, or other minerals, upon any real estate in the State of Arkansas, upon forfeiting the rights to further prospect on the lands by failure to pay any ren…
Ark. Code Ann. § 15-73-204 Notice to lessee to release forfeited lease — Damages for failure to release
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(1) Any owner of lands upon which a lease for the development of oil or gas or other minerals has been given and the lessee forfeits his or her rights at any time to further prospect for such minerals upon the lands by reason of a failure to pay periodical rentals or failure to p…