§ 27-555 – Lease of state lands not located within known geological structure of producing oil and gas field; application; lease extension; provisions of lease; withdrawal of lands from leasing
27-555. Lease of state lands not located within known geological structure of producing oil and gas field; application; lease extension; provisions of lease; withdrawal of lands from leasing A. When state lands are not located within any known geological structure of a producing oil and gas field, as determined pursuant to section 27-554, the person […]
§ 27-555.01 – Extension of lease due to lack of transportation, processing facilities or market
27-555.01. Extension of lease due to lack of transportation, processing facilities or market A. When the owner of an oil and gas lease issued pursuant to this chapter has discovered oil or gas on the leased premises or on lands joined therewith in a cooperative or pooled unit, while the lease is in full force […]
§ 27-556 – Lease of state lands located within known geological structure of producing oil or gas field; sealed bids; call for bids; publication; lease extension; provisions of lease; acreage limitation
27-556. Lease of state lands located within known geological structure of producing oil or gas field; sealed bids; call for bids; publication; lease extension; provisions of lease; acreage limitation When state lands are located within a known geological structure of a producing oil or gas field, as determined pursuant to section 27-554, the lands shall […]
§ 27-557 – Unit operations; unit agreements
27-557. Unit operations; unit agreements A. Each lease issued under the provisions of this article shall provide that the lessee, insofar as its interest in the lease is affected, may join in cooperative or unit plans for the exploration, development and operation of oil and gas pools with the United States, its agencies and its […]
§ 27-558 – Conservation laws
27-558. Conservation laws The development of oil and gas leases issued pursuant to this article shall be in accordance with the laws of the state relating to the conservation of oil and gas.
§ 27-559 – Development of water for use in operations; taking over well which yields fresh water
27-559. Development of water for use in operations; taking over well which yields fresh water A. A lessee shall have the right to develop water for use in its operations subject to the applicable laws of the state pertaining to drilling water wells and using water produced therefrom. B. If any well drilled for oil […]
§ 27-560 – Surface use by lessee; liability for damages; bond; appraisal of damages; appeal
27-560. Surface use by lessee; liability for damages; bond; appraisal of damages; appeal The lessee shall have the right to use as much of the surface of the lands as reasonably necessary for its operations under the lease. The lessee shall be liable for damage caused by it to the state’s interest in the surface […]
§ 27-561 – Assignment of lease; recording
27-561. Assignment of lease; recording A. In event of the assignment of a lease as to a segregated portion of the land covered thereby, the rentals payable thereunder shall be apportionable between the several leasehold owners ratably according to the surface area of each. Default in rental payment by one shall not affect the rights […]
§ 27-562 – Surrender
27-562. Surrender A lessee may surrender any part or all of the lands covered by the lease at any time upon payment to the department of all amounts then due as to the lands surrendered, but no refund of any part of the cash consideration or rental theretofore paid shall be made to the lessee […]
§ 27-563 – Payment of noncompetitive lease royalties in kind or cash
27-563. Payment of noncompetitive lease royalties in kind or cash Royalties payable to this state under section 27-555, subsection B are payable in kind or in cash at the option and demand of the department. The lessee shall pay royalties in cash unless the department elects to receive royalty oil in kind pursuant to this […]