Kan. Admin. Regs. § 92-9-2
Current through Register Vol. 43, No. 49, December 5, 2024
Bids for the leasing of oil and gas rights in navigable streams will be considered on the basis of a cash bonus, annual delay rental, and the amount of royalty to be paid shall not be less than 12 1/2 % of the gross proceeds at the prevailing market rate. Leases will be executed on a standard Kansas lease form. No lease shall be for a period longer than five years and the lessee shall agree to pay an annual rent in advance on land so long as drilling is delayed.
Kan. Admin. Regs. § 92-9-2