Title 12, Chapter 4, Section 21
( 12-4-21)
Such amount shall be distributed as follows: (1) The sum of $50,000.00 to the owner or owners of the minerals
or the property, or both, where the well is drilled, to be
divided, where there are multiple owners of the minerals, among
them in the proportion of their respective interest therein;
provided, however, that the owner or owners of any mineral
interest which does not include oil shall not share in such
payment; (2) The sum of $100,000.00 to the company or individual, or
combination of persons, firms, and corporations, which drills or
causes to be drilled such oil well, being those persons, firms, or
corporations which own the working interest in the well as
"working interest" is known and defined in the oil industry; (3) The sum of $87,500.00 to the contractor who furnishes the
equipment for the drilling of such well, and who performs the job
of drilling and completion of the well, provided that if there is
more than one contractor, such sum shall be divided only between
or among those who engage in drilling the well and in completing
same for production and who carry out and complete their
contracts; (4) The sum of $12,500.00 to be equally divided among the workmen
and employees actually engaged in the job of drilling and
completing the well, being those persons certified to the Governor
by the contractor or contractors, or owners of the working
interest, or both, as being his or their bona fide employees who
were working on the job when the drilling, or completion of the
well for production, or the contractor's contract, was completed,
or who otherwise carried out and completed their employment. |