312 Ind. Admin. Code 17-1-12

Current through December 4, 2024

Section 312 IAC 17-1-12 - Competitive bids on production leases

Authority: IC 14-38-1-19

Affected: IC 14-38-1-14

Sec. 12.

A lease for production made under IC 14-38-1-14 shall be offered under IC 14-38-1-14(b)(1) on a competitive basis. The details of the offer and acceptance of bids shall be fixed in each notice published as required in section 6 of this rule. The amount of the bid bond shall also be fixed for an offer.

312 IAC 17-1-12

Natural Resources Commission; 312 IAC 17-1-12; filed Feb 23, 1998, 11:30 a.m.: 21 IR 2348; readopted filed Nov 17, 2004, 11:00 a.m.: 28 IR 1315; readopted filed Mar 25, 2010, 2:59 p.m.: 20100421-IR-312100038RFA

Readopted filed 9/30/2015, 12:13 p.m.: 20151028-IR-312150224RFA

Readopted filed 5/19/2021, 4:17 p.m.: 20210616-IR-312210111RFA