"Proven Territory" Defined

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Sec. 4. As used in this chapter, "proven territory" means territory so situated with reference to known producing wells as to establish the general opinion that, because of the territory's relation to the producing wells, petroleum is contained in the territory.

[Pre-1995 Recodification Citation: 14-4-3-1(3).]

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


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