Louisiana Administrative Code
Title 43 - NATURAL RESOURCES
Part I - Office of the Secretary
Subpart 1 - General
Chapter 10 - Leasing State Lands and Water Bottoms for the Exploration, Development and Production of Wind Energy
Section I-1027 - Partial or Full Release of a State Wind Lease
Current through Register Vol. 50, No. 9, September 20, 2024
A. Upon expiration or termination of a state wind lease, in whole or in part, for any reason, the principle state wind lessee shall execute and record an appropriate instrument of release within 90 days of such expiration or termination in each parish wherein the leased premises are located and shall provide the State Mineral Board through the Office of Mineral Resources with a copy of the recorded instrument of release from each parish wherein it is recorded properly certified by the recorder for that parish. In the event the principle state wind lessee fails to comply, all the state wind lessees currently of record jointly, severally and in solido shall be subject to liquidated damages of $100 per day beginning on the ninety-first day after expiration or termination, as well as reasonable attorney fees and costs incurred should suit be brought for lease cancellation.
B. The release instrument shall provide the state wind lease number and be signed by the principle state wind lessee, with the signature duly witnessed and notarized. Failure to follow the notarization requirements of R.S. 35:12 shall be grounds for the release instrument to be rejected.
C. If a party wants to release only a portion of the leased acreage, he shall contain the whole of the retained acreage, including the buffer acreage within the boundaries set forth in §1029. C.1 a-c, within a single contiguous block of acreage. For a partial release only, the party shall also provide the following items.
AUTHORITY NOTE: Promulgated in accordance with R.S. 41:1734.