Louisiana Administrative Code
Title 43 - NATURAL RESOURCES
Part V - Office of Mineral Resources
Chapter 5 - Mineral Resources
Subchapter C - Royalty Crude Oil
Section V-549 - Warranties; Governmental Regulations [Formerly LAC 43:I.949]

Universal Citation: LA Admin Code V-549

Current through Register Vol. 50, No. 9, September 20, 2024

A. In any contract the board shall not warrant the crude oil delivered as being merchantable or suitable for refiner's purpose and the board shall not be liable for the quality of the crude oil or the content thereof. The board shall not warrant to refiner that there are available sufficient quantities of royalty crude oil from any state lease(s) dedicated to a contract to meet refiner's requirements.

B. All contracts shall be subject to applicable state, local and federal laws, rules and regulations. Refiner shall be required to secure all licenses, permits, orders, or waivers necessary for the performance of the contract.

AUTHORITY NOTE: Promulgated in accordance with R.S. 30:143.

Disclaimer: These regulations may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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