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 […]
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.
14-38-1-20. Well Not to Be Drilled Within 330 Feet of Property Boundaries
Sec. 20. (a) This section does not apply to the following: (1) Shore lands. (2) River beds. (3) Lake beds. (4) Submerged land. (b) A lease of land containing petroleum made or issued under this chapter must contain a condition that a well may not be drilled within three hundred thirty (330) feet of any […]
14-38-1-5. “Public Land” Defined
Sec. 5. As used in this chapter, “public land” means land and area belonging to or subsequently acquired by the state or any of the state’s institutions. The term includes land of every kind and nature. [Pre-1995 Recodification Citation: 14-4-3-1(4).] As added by P.L.1-1995, SEC.31.