Section 45-9-23 - Spacing units for a pool--Production limited by waste--Order of board establishing, contents

45-9-23. Spacing units for a pool--Production limited by waste--Order of board establishing, contents.When production is limited due to physical waste, the Board of Minerals and Environment shall include in the order establishing spacing units suitable provisions to prevent the production from the spacing unit of more than its just and equitable share of the oil and gas in the pool. Source: SDC Supp 1960, §42.0708 (4) as enacted by SL 1961, ch 211, §1.