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Area of Law: | Litigation & Procedure |
Keywords: | Operator's privilege; Proceeds of the sale of hydrocarbons |
Jurisdiction: | Louisiana |
Cited Cases: | None |
Cited Statutes: | La. Rev. Stat. §§ 9:4882-9:4883, Article 4889; La. Rev. Stat. §§ 9:4871-9:4872 |
Date: | 12/01/2013 |
La. Rev. Stat. §§ 9:4882-9:4883 grant an operator’s privilege over the proceeds of the sale of hydrocarbons “to secure payment of all obligations incurred in the conduct of operations which the non-operator is personally bound to pay or reimburse.” La. Rev. Stat. § 9:4882. Article 4889 provides that this privilege may be enforced according to the provisions of La. Rev. Stat. §§ 9:4871-9:4872, which allows for enforcement of the operator’s privilege by a writ of sequestration.
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