14-38-1-23. Offset well

IN Code § 14-38-1-23 (2019) (N/A)
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Sec. 23. (a) A lease must provide that the lessee shall drill an offset well to a well on adjoining land that:

(1) is within three hundred thirty (330) feet of an outer boundary of the land covered by the lease; and

(2) is producing petroleum in paying quantities and draining the land covered by the lease.

(b) The offset must be:

(1) started within ninety (90) days from the completion of the adjoining well; and

(2) drilled with due diligence to completion.

[Pre-1995 Recodification Citation: 14-4-3-19.]

As added by P.L.1-1995, SEC.31.