Okla. Stat. » Title 52 — OIL AND GAS
Oklahoma Statutes

Okla. Stat. tit. 52, § 570.3 (2026)

Application of act

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The Production Revenue Standards Act shall apply to all owners and shall apply to all producing wells, regardless of the date pooled, drilled or of the date of the underlying leases; provided, however, that Sections 4, 5, 6, 7 and 8 of this act shall not apply to wells in common sources of supply under unitized management pursuant to Section 287.1 of Title 52 of the Oklahoma Statutes or where royalty remittance is otherwise provided by written agreement among all owners in a well. Added by Laws 1992, c. 190, § 3, eff. Sept. 1, 1992.

Notes of Decisions
Cited in 3 cases, 1996–2020 · leading case: Panhandle E. Pipeline Co. v. Oklahoma ex rel. Commissioners of the Land Off., 83 F.3d 1219 (10th Cir. 1996).
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Panhandle E. Pipeline Co. v. Oklahoma ex rel. Commissioners of the Land Off., 83 F.3d 1219 (10th Cir. 1996). “While SB 168 is retroactive in that it applies to all contracts and wells as of its effective date, see Okla. Stat. tit. 52, § 570.3 (Supp.1996), it does not purport to reach back and cover the period between 1985-1993.”
Cline v. Sunoco, Inc. (R&M), 479 F. Supp. 3d 1148 (E.D. Okla. 2020). “Okla. Stat. tit. 52, § 570.3 . Consequently, the Court’s award of $80,691,486 merely indemnifies the class members for the amount of interest Sunoco owes them under the PRSA.”
Krug v. Helmerich & Payne, Inc., 2015 OK 74. “3, Applicability of Act provides: The Production Revenue Standards Act shall apply to all owners and shall apply to all producing wells, regardless of the date pooled, drilled or of the date of the underlying leases; provided, however, that Sections 4, 5, 6, 7 and 8 of this act…”
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