South Dakota Administrative Rules
Title 4 - School And Public Lands
Article 4:01 - Leases
Chapter 4:01:01 - Oil and gas leases
Section 4:01:01:08 - Annual payment required
Universal Citation: SD Admin Rules 4:01:01:08
Current through Register Vol. 50, page 114, March 25, 2024
All oil and gas rental payments shall be payable on an annual basis. These payments will be as for rent and will cover the privilege of deferring the drilling of a well for 12 months from the anniversary date of the lease.
General Authority: SDCL 5-7-23, 5-7-37.
Law Implemented: SDCL 5-7-23, 5-7-24.
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