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Current as of January 01, 2025 | Updated by Findlaw Staff
In this chapter,
(1) “commission” means the Regulatory Commission of Alaska;
(2) “field” means a general area which is underlain or appears to be underlain by at least one pool, and includes the underground reservoir containing oil or gas; and the words “pool” and “field” mean the same thing when only one underground reservoir is involved, but “field” unlike “pool” may relate to two or more pools;
(3) “oil” includes crude petroleum oil and other hydrocarbons regardless of gravity which are produced at the wellhead in liquid form and the liquid hydrocarbons known as distillate or condensate recovered or extracted from gas, other than gas produced in association with oil and commonly known as casinghead gas;
(4) “pool” means an underground reservoir containing oil; each zone of a general structure which is completely separated from any other zone in the structure is covered by the term “pool”;
(5) “purchaser” means a person who purchases oil in the state.
Cite this article: FindLaw.com - Alaska Statutes Title 31. Oil and Gas § 31.15.050. Definitions - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-31-oil-and-gas/ak-st-sect-31-15-050/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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