Title 12, Chapter 4, Section 20
( 12-4-20)
There shall be paid the sum of $250,000.00 to the first person,
firm, or corporation, or combination thereof, which puts down and
brings in the first commercial oil well in this state, provided that
such well must produce at least 100 barrels of oil per day. The
determination as to whether such well is producing this amount is
vested in the commissioner of natural resources. |