Okla. Stat. tit. 52, § 52-602: Legislative intent
Where this section sits in the code
- OK Code
- Title 52
The Legislature recognizes that hydrocarbons are a limited
natural resource and that their exploration, production and
development contribute significantly to the general welfare of the
people of the State of Oklahoma through the creation of jobs, the
development of economic growth and stability, and the collection of
gross production taxes, petroleum excise taxes, and other sources of
revenue.
Therefore, the Legislature finds it is in the public interest to
protect its energy resource assets from transfers that may retard
the timely and efficient development of such assets, or transfers
that may interfere with the production, sale, purchase, refining or
processing, delivery, transportation or transmission of hydrocarbons
or hydrocarbon products gathered or produced for sale, purchase,
refining or processing, delivery, transport, transmission or use
pursuant to existing contracts within this state. The Legislature
further finds it is in the public interest to encourage orderly
future exploration, development, production, refining, processing,
transportation, or transmission of hydrocarbons and hydrocarbon
products gathered or produced within the state, to conserve and
prevent waste of energy resource assets, to protect correlative
rights in underground mineral resources, and to protect and preserve
sources of tax revenue derived from the orderly and efficient
development, management and production of the state's energy
resource assets.
Collected 2026-09-14T18:32:36Z. Source file · JSON