S.D. Admin. R. 4:01:01:08

Current through Register Vol. 51, page 67, December 16, 2024

Section 4:01:01:08 - Annual payment required

All oil and gas rental payments shall be payable on an annual basis. These payments will be as for rent and will cover the privilege of deferring the drilling of a well for 12 months from the anniversary date of the lease.

2 SDR 36, effective 11/17/1975.

General Authority: SDCL 5-7-23, 5-7-37.

Law Implemented: SDCL 5-7-23, 5-7-24.