GroundRules
Ark. Code Ann. § 15-73-407: Procedure - Evidence authorizing lease
Where this section sits in the code
- AR Code
- Title 15
- Chapter 73
- Subchapter 4
Insofar as § 18-60-401 et seq., relating to the partition of land, is not in conflict with this subchapter, those sections shall apply to the partition of interests in oil and gas leasehold rights on, in, and under lands. However, it shall not be necessary for the circuit court to find that the interests are not susceptible to partition in kind before it shall order the execution of any such oil and gas lease, but it shall be sufficient to justify the execution of the oil and gas lease on and covering the land that the evidence shows:
(1) That it is desirable for the property to be developed as a unit for oil and gas; and
(2) That the value of the interest owned by each of the parties would be more if the property were developed and operated as a unit than if divided.
Collected 2026-09-17T21:35:43Z. Source file · JSON
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Arkansas electronic product files were republished by Public.Resource.Org under a public-domain mark. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows. Source