Regulation of pools.

43-02-03-63. Regulation of pools. To prevent waste and to protect correlative rights, when the commission finds that total production in an area significantly exceeds the reasonable market demand and undue marketing discrimination is occurring, the commission may prorate or distribute the allowable production among proration units upon a reasonable basis through rules, regulations, or orders pertaining to any pool or area after notice and hearing. History: Amended effective January 1, 1983; January 1, 2008. General Authority: NDCC 38-08-04, 38-08-06 Law Implemented: NDCC 38-08-04, 38-08-06