Okla. Stat. tit. 52, § 52-570.5: Designation of person for certain royalty, accounting

and remittance functions.

A. The owners owning a majority in interest of the working

interest in a well or the Corporation Commission for cause upon

proper application by any working interest owner and notice to all

working interest owners in a well may designate a person other than

the operator, which person is defined for purposes of this section

to include, but not be limited to, a bank or a trust company, to

perform the royalty accounting and remittance functions assigned to

the operator pursuant to the Production Revenue Standards Act, upon

consent to and assumption by that person of:

1. Any costs thereby incurred; and

2. An obligation to furnish to the operator such information

necessary to the operator for the discharge of its duties.

B. Any person designated pursuant to this section shall assume

all rights and duties of and shall be held to the same standards of

care as the operator as set forth in this section and Sections 4, 6,

7 and 13 and subsections A and G of Section 8 and subsections C and

E of Section 10 of this act. Any person designated pursuant to this

section who is not a working interest owner in the well, a first

purchaser of production from the well or a bank or trust company

shall be bonded or post other surety in an amount equal to Fifty

Thousand Dollars ($50,000.00). Except as provided by private

agreement or Corporation Commission order derived from other

statutory authority, such person shall not thereby assume other

rights or duties of the operator.