(225 ILCS 725/23.2) (from Ch. 96 1/2, par. 5439)
Sec. 23.2.
(a) When 2 or more separately owned tracts of land are embraced
within a pool or a portion of a pool suitable for any enhanced recovery
method, the owners thereof may
validly agree to integrate their interest
therein and to develop their land as a unit, and production from any tract
in such established unit shall be regarded as production from all presently
owned tracts or interests within such units.
(b) Agreements made in the interest of conservation of oil or gas, or
both, or the prevention of waste, between and among owners or operators, or
both, owning separate holdings in the same oil or gas pool, or in any area
that appears from geological or other data to be underlain by a common
accumulation of oil or gas, or both, or between and among such owners or
operators, or both, and royalty owners therein, of a pool or area, or any
part thereof, as a unit for establishing and carrying out a plan for the
cooperative development and operation thereof, when such agreements are
approved by the Department, are hereby authorized and
shall not be held
or construed to violate any of the statutes of this State relating to
trusts, monopolies or contracts and combinations in restraint of trade.
(Source: P.A. 85-1334.)
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