South Dakota Administrative Rules
Title 4 - School And Public Lands
Article 4:01 - Leases
Chapter 4:01:01 - Oil and gas leases
Section 4:01:01:17 - Shut-in royalty clause

Universal Citation: SD Admin Rules 4:01:01:17
Current through Register Vol. 50, page 114, March 25, 2024

Each lease shall contain a shut-in royalty clause. An operator shall notify the commissioner of a shut-in on a form obtained from the commissioner's office. The annual shut-in royalty rate is $1.00 per acre.

General Authority: SDCL 5-7-24, 5-7-37.

Law Implemented: SDCL 5-7-24, 5-7-25.

Disclaimer: These regulations may not be the most recent version. South Dakota 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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.