Kansas Administrative Regulations
Agency 30 - KANSAS DEPARTMENT FOR CHILDREN AND FAMILIES
Article 27 - OIL AND GAS LEASES ON INSTITUTIONAL PROPERTIES
Section 30-27-3 - Cash bonus, rental
Universal Citation: KS Admin Regs 30-27-3
Current through Register Vol. 43, No. 39, September 26, 2024
Bids for the leasing of oil and gas rights in lands designated by the secretary will be considered on the basis of a cash bonus, annual delay rental, and the amount of royalty to be paid shall not be less than 12 1/2 % of the gross proceeds at the prevailing market rate. Leases will be executed on a standard Kansas lease form. No lease shall be for a period to exceed five (5) years and so long thereafter as oil, gas, or other minerals, are being produced therefrom in paying quantities.
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