14-38-1-7. No Permits Issued for Proven Territory
Sec. 7. A permit may not be issued upon public land classified by the commission as proven territory. [Pre-1995 Recodification Citation: 14-4-3-3.] As added by P.L.1-1995, SEC.31.
14-38-1-23. Offset Well
Sec. 23. (a) A lease must provide that the lessee shall drill an offset well to a well on adjoining land that: (1) is within three hundred thirty (330) feet of an outer boundary of the land covered by the lease; and (2) is producing petroleum in paying quantities and draining the land covered by […]
14-38-1-8. Compensation of Landowners and State
Sec. 8. A permittee may not commence an operation upon land covered by a permit until the permittee has compensated the following: (1) The owners of private rights in the land according to law. (2) The state for damage to the surface rights of the state in accordance with the rules adopted by the commission. […]
14-38-1-9. Prosecution of Operations With Reasonable Diligence
Sec. 9. A permit requires the immediate commencement of geological, geophysical, or core drilling operations. All operations shall be prosecuted with reasonable diligence in accordance with good oil field practice and must be continuous except when causes beyond the control of the permittee intervene and make continuous operations not feasible. Geological, geophysical, or core drilling […]
14-38-1-10. Surrender of Permit
Sec. 10. Every permittee has the option of surrendering a permit at any time and is relieved of all liability under the permit except for physical damage to the premises embraced by the permit that has been caused by the permittee’s operations. [Pre-1995 Recodification Citation: 14-4-3-6.] As added by P.L.1-1995, SEC.31.
14-38-1-11. Permittee’s Lease for Petroleum Extraction
Sec. 11. (a) A permittee is, at any time during the life of the permit or upon the termination of the permit, entitled to a lease for the extraction of petroleum from not to exceed one (1) section, or an equivalent area, of land to be selected by the permittee. (b) A lease under subsection […]
14-38-1-12. Other Leases for Petroleum Extraction
Sec. 12. (a) A petroleum lease other than a lease provided for in section 11 of this chapter may be granted in parcels as determined by the commission. (b) A lease granted under this section must be at a royalty of: (1) not less than twelve and one-half percent (12 1/2%) of all petroleum produced […]
14-38-1-13. Proceeds
Sec. 13. (a) All proceeds derived: (1) from or by virtue or by reason of a permit or lease executed or issued under this chapter; or (2) from or by reason of any operations under this chapter; shall, after deducting all costs incurred by the department, be paid to the treasurer of state for the […]
14-38-1-14. Consideration for Leases
Sec. 14. (a) A petroleum lease may not be issued on land that has not been classified by the commission as proven territory. With regard to proven territory to which no permit holder is entitled to a lease, the commission shall, in areas to be determined by the commission, lease any of the land in […]
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 […]