Okla. Stat. tit. 42, § 42-144.2: Trust funds for payment of lienable claims
Where this section sits in the code
- OK Code
- Title 42
A. Except as provided by subsection D of this section, the
amount payable under any oil and gas well drilling contract,
reworking contract, operating agreement, or monies payable as a
condition of participation in the drilling of an oil and gas well
under the terms of a pooling order issued by the Oklahoma
Corporation Commission shall, upon receipt by any oil and gas well
operator, contractor or subcontractor, be held by such operator as
trust funds for the payment of all lienable claims due and owing by
such operator, contractor or subcontractor by reason of such
drilling contract, reworking contract, operating agreement, or force
pooling order.
B. The trust funds created under subsection A of this section
shall be applied to the payment of said valid lienable claims and no
portion thereof shall be used for any other purpose until all
lienable claims due and owing or to become due and owing shall have
been paid.
C. The existence of such trust funds shall not prohibit the
filing or enforcement of any labor, mechanic or materialmen's lien
against the affected real property by any lien claimant, nor shall
the filing of such a lien release the holder of such funds from the
obligations created under this section.
D. The provisions of this section shall not be applicable or
affect payments owed to royalty owners by the operator of an oil or
gas well and shall not affect or alter the terms or provisions of
Section 87.1 of Title 52 of the Oklahoma Statutes.
Collected 2026-09-14T18:32:36Z. Source file · JSON