Current through September 2, 2024
Section 20.03.16.070 - SURRENDER - RELINQUISHMENT01.Procedure. The lessee may surrender its lease or any surveyed subdivision of the area covered by such lease, by filing a written relinquishment with the Department, provided that a partial relinquishment does not reduce the remaining acreage in the lease to less than forty (40) acres or a government lot, whichever is less. The Director may waive the minimum acreage provision of this rule if he finds it is justified on the basis of exploratory and development data derived from activity on the leasehold.02.Effective Date. A relinquishment takes effect thirty (30) days after it is received by the Department. Thereafter the lessee is relieved of liability under these rules except for the continued obligation of the lessee and his surety to: a. Make payments of all accrued rentals and royalties;b. Place all wells on the land to be relinquished in condition for suspension of operations or abandonment;c. Comply with all rules of the commission for plugging of abandoned wells;d. Comply with applicable laws and rules of the Department of Water Resources; ande. Reclaim the surface and natural resources in accord with these rules.03.Partial Surrender. In the event of a partial surrender of the land covered by such lease, the annual rental thereafter payable will be reduced proportionately.Idaho Admin. Code r. 20.03.16.070