Helmerich Payne, Inc. v. State

1 Citing case

  1. Mittelstaedt v. Santa Fe Minerals, Inc.

    1998 OK 7 (Okla. 1998)   Cited 49 times   2 Legal Analyses
    In Mittelstaedt, the OSC began by explaining that the IDM imparts upon lessees like Chaparral a duty "to provide a marketable product available to market."

    Consistent with this approach, we have explained that when the lease requires payment of the "market value" of the gas this value "means the gas purchase contract price." Helmerich Payne, Inc. v. State ex rel. Commissioners of the Land Office, 1997 OK 30, ΒΆ 12, 935 P.2d 1179, 1181. But when certain circumstances are present this definition of "gross receipts," as being a value with no deductions, has been tied to the value of the product at a certain location, that is, the leased premises, or wellhead.