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. 51, page 43, September 23, 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.

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