South Dakota Administrative Rules
Title 4 - School And Public Lands
Article 4:01 - Leases
Chapter 4:01:01 - Oil and gas leases
Section 4:01:01:09 - Procedure in event of dry hole
Universal Citation: SD Admin Rules 4:01:01:09
Current through Register Vol. 50, page 78, December 27, 2023
If the first well drilled on the land covered in one lease is dry and if the drilling of a second well is not begun within 12 months from the expiration of the last rental period for which the rental has been paid, the lease will terminate. This section will not apply if the lessee resumes payment of rentals under the conditions of the lease and these rules, on or before expiration of the 12 months period specified above.
2 SDR 36, effective November 17, 1975.
General Authority: SDCL 5-7-23, 5-7-37.
Law Implemented: SDCL 5-7-23.
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