14-38-1-24. Prospecting Permits or Leases
Sec. 24. (a) This section applies to an application for prospecting permits or leases for the following: (1) Shore lands. (2) River beds. (3) Lake beds. (b) The owner of the right to prospect for and develop and produce petroleum from the abutting land has a preferential right for thirty (30) days after the owner […]
14-38-1-25. Withholding Land for Prospecting or Lease
Sec. 25. This chapter does not require the commission to offer a tract of land for prospecting or lease. The commission may withhold a tract from prospecting or leasing for petroleum purposes if in the commission’s judgment the best interest of the state will be served by so doing. [Pre-1995 Recodification Citation: 14-4-3-21.] As added […]
14-38-1-26. Royalties
Sec. 26. (a) This section applies when a royalty is required to be paid under this chapter: (1) for oil, at the option of the commission: (A) at the mouth of the wells into tanks provided by the commission; or (B) into the pipeline with which the wells are connected, to the commission’s credit; and […]
14-38-1-27. Delegation of Powers
Sec. 27. The commission may delegate any powers granted in this chapter to any officers or employees of the commission. [Pre-1995 Recodification Citation: 14-4-3-23.] As added by P.L.1-1995, SEC.31.
14-38-1-15. Cancellation of Permit or Lease
Sec. 15. (a) The commission may cancel any permit or lease issued under this chapter for: (1) nonpayment of royalties; or (2) nonperformance by the permittee or lessee of any provision or requirement of the permit or lease; if before the cancellation the commission mails to the permittee or lessee by registered mail, addressed to […]
14-38-1-16. Issuance of New Permit Following Expiration or Forfeiture
Sec. 16. Upon the expiration or forfeiture of a permit, a new permit covering the banks or any of the banks embraced by the expired or forfeited permit may not be issued for thirty (30) days following the date of expiration or forfeiture. If more than one (1) application for a permit covering any of […]
14-38-1-17. Agreement for Production From Same Petroleum Field
Sec. 17. (a) If the commission finds it is in the best interest of the state for the production of petroleum, the state, a permittee, a lessee, an operator, or any person owning or controlling royalty or other interest in separate properties of the same producing or prospective petroleum field may enter into agreement among […]
14-38-1-18. Terms for Protection of Rights
Sec. 18. The commission may insert in a permit or lease issued under this chapter the terms that are customary and proper for the protection of the rights of: (1) the state; (2) the permittee or lessee; and (3) the owner of the surface of the leased land; not in conflict with this chapter. [Pre-1995 […]
14-38-1-19. Adoption of Rules
Sec. 19. The commission may adopt rules under IC 4-22-2 to carry out this chapter. [Pre-1995 Recodification Citation: 14-4-3-15.] As added by P.L.1-1995, SEC.31.
14-38-1-4. “Proven Territory” Defined
Sec. 4. As used in this chapter, “proven territory” means territory so situated with reference to known producing wells as to establish the general opinion that, because of the territory’s relation to the producing wells, petroleum is contained in the territory. [Pre-1995 Recodification Citation: 14-4-3-1(3).] As added by P.L.1-1995, SEC.31.