Section 36-6-301 – Definitions.
36-6-301. Definitions. (a) As used in this article: (i) “Associated natural resource” means any substance, element or compound, either gaseous, liquid or solid, associated with the production, refining or processing of oil or gas. The term includes, but is not limited to, propane, butanes, ethane, methane, carbon dioxide, sulphur, helium, nitrogen and natural gas liquids; […]
Section 36-6-302 – “Return on Investment” Deduction Not Allowed for Calculation of Royalty.
36-6-302. “Return on investment” deduction not allowed for calculation of royalty. (a) For state lease royalty and overriding royalty, other than royalty owing to the United States of America, calculations for oil, natural gas and associated natural resources, neither lessee nor any successor in interest will be allowed any deduction for any “return on investment […]
Section 36-6-202 – Power to Modify or Change Leases or Contracts.
36-6-202. Power to modify or change leases or contracts. Any such governing body may, by such lease or contract or by other agreement, include, or provide for the inclusion of, the lands of such county, city, town or school district, or any part or portion of such lands, with other lands in any plan or […]
Section 36-6-203 – Rules and Regulations; Requisites of Leases or Contracts.
36-6-203. Rules and regulations; requisites of leases or contracts. (a) Any such governing body may, in its discretion, make and establish such rules and regulations governing the issuance of such leases and contracts as are not inconsistent with the provisions of this act. Any such lease or contract: (i) Shall be entered into pursuant to […]
Section 36-6-204 – Existing Leases, Contracts and Agreements Validated.
36-6-204. Existing leases, contracts and agreements validated. Nothing in this act contained shall operate or be construed as in anywise limiting or affecting the power or authority of the governing body of any county, city, town, or school district, to have entered into any lease or contract for the exploration for the development and production […]
Section 36-6-104 – Payment for Improvements; “Improvements” Defined.
36-6-104. Payment for improvements; “improvements” defined. If mineral lands upon which improvements have been made shall be sold or if such lands shall be leased to other than the owner of the improvements thereon, then such purchaser or such new lessee shall pay to the owner thereof the value of said improvements, at an agreed […]
Section 36-6-105 – Inspection Reports.
36-6-105. Inspection reports. The state geologist or any state coal mine inspector shall, when requested by the board of land commissioners, visit and make a report upon any lands held under coal and mineral leases. Such report shall be made without any fee to the officer making same.
Section 36-6-201 – Authority to Lease or Otherwise Contract.
36-6-201. Authority to lease or otherwise contract. The governing body of any county, city, town or school district authorized to acquire and hold real property, may, upon determining that such action will be in the best interests of such county, city, town or school district, lease any lands owned in fee by such county, city, […]
Section 36-6-101 – Terms of Leases; Extensions; Rules and Regulations; Rent and Royalties; Assignment of Leases; Grazing and Agricultural Leases; Cooperation With United States or Its Lessees, in Cooperative or Unit Plans.
36-6-101. Terms of leases; extensions; rules and regulations; rent and royalties; assignment of leases; grazing and agricultural leases; cooperation with United States or its lessees, in cooperative or unit plans. (a) The board of land commissioners may lease any state or state school lands for oil and gas for a primary term up to ten […]
Section 36-6-102 – Submission, Custody and Confidentiality of Subsurface Log Reports.
36-6-102. Submission, custody and confidentiality of subsurface log reports. (a) Contingent upon the leasing of any state or state school lands for coal, uranium or other mineral exploration, the board of land commissioners shall require copies of all electrical, gamma-ray neutron, resistivity or other types of subsurface log reports, and all assay reports for any […]