Perfection of oil and gas security interest

(a) An oil and gas lien is granted and exists as part of and incident to the ownership of an oil and gas right and is perfected automatically without the need to file a financing statement or other type of documentation. (b) An oil and gas lien exists and is perfected as of July 28, 2021. Added by Act 2021, No. 275,§ 1, eff. 7/28/2021. (a) An oil and gas lien is granted and exists as part of and incident to the ownership of an oil and gas right and is perfected automatically without the need to file a financing statement or other type of documentation. (b) An oil and gas lien exists and is perfected as of July 28, 2021. Added by Act 2021, No. 275,§ 1, eff. 7/28/2021.