Arkansas Code Title 15, Subtitle 6, Chapter 73, Subchapter 2 - Leases Generally

• § 15-73-201 - Lease Extended by Production -- Scope.
  (a) (1) The term of an oil and gas, or oil or gas, lease extended by activities on lands in one (1) section or...
• § 15-73-202 - Leases of Oil, Gas, and Mining Interests by Churches, Lodges, and Eleemosynary Institutions.
  Except where otherwise provided for in the charter, constitution, or bylaws of any church, lodge, or other eleemosynary institution, the trustee, deacons, or other...
• § 15-73-203 - Forfeiture of Oil, Gas, or Mineral Leases -- Duty of Lessee to Cancel or Release.
  (a) It shall be the duty of each person holding an oil, gas, or other mineral lease for prospecting and exploiting for oil, gas,...
• § 15-73-204 - Notice to Lessee to Release Forfeited Lease -- Damages for Failure to Release.
  Any owner of lands upon which a lease for the development of oil or gas or other minerals has been given and the lessee...
• § 15-73-205 - Failure to Pay Rental Installment -- Endorsement of Forfeiture.
  (a) If any installment of rental due under a lease is not paid when due according to the terms of the original lease, thus...
• § 15-73-206 - [Repealed.]
• § 15-73-207 - Prudent Operator Standard.
  (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)...
• § 15-73-208 - Transfer of Mineral Lease -- Notice.
  (a) A person holding a mineral lease shall notify the owner of the mineral rights upon which the lease has been given upon the...

Last modified: November 15, 2016