5-7-32. Pooling agreements on behalf of state authorized.
The commissioner of school and public lands is hereby authorized, in his discretion, to enter into agreements on behalf of the State of South Dakota for the pooling of acreage under his jurisdiction with other acreage for unit operations for the production of oil, gas, or geothermal resources and for the apportionment of oil, gas, or geothermal resources royalties on an acreage or other equitable basis.
Source: SL 1939, ch 164, §1; SDC Supp 1960, §42.0815; SL 1976, ch 20, §3.