Statutes > Arkansas Statutes > Title 15 - Natural Resources and Economic Development > Subtitle 6 - Oil, Gas, and Brine > Chapter 72 - Oil and Gas Production and Conservation > Subchapter 5 - Secondary Recovery > § 15-72-504 - Agreements to use secondary recovery methods not in restraint of trade.

§ 15-72-504 - Agreements to use secondary recovery methods not in restraint of trade.

15-72-504. Agreements to use secondary recovery methods not in restraint of trade.

If the persons owning and operating any oil pool or portion thereof enter into an agreement among themselves for the employment of any secondary recovery method or methods for the production of oil from a pool or portion thereof, and the Oil and Gas Commission finds that operating the pool or portion thereof in accordance with the agreement will result in the prevention of waste, the performance of the agreement by the persons shall not be a violation of any statute of this state relating to trusts, monopolies, or contracts, or combinations in restraint of trade.