§ 15-73-207. Prudent operator standard

AR Code § 15-73-207 (2018) (N/A)
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(a) A mineral lessee under an oil and gas lease does not owe a fiduciary duty or a fiduciary obligation to the mineral lessor.

(b) The mineral lessee shall:

(1) Perform the covenants of the lease in good faith; and

(2) Develop and operate the leased mineral estate as a prudent operator for the mutual benefit of the mineral lessor and mineral lessee.