S.D. Admin. R. 4:01:01:15

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

Section 4:01:01:15 - Term of oil and gas lease - Rental rate

The term of an oil and gas lease is five years. Rental rate is one dollar per acre per year on a drill or pay basis.

S.D. Admin. R. 4:01:01:15

2 SDR 36, effective 11/20/1975; 5 SDR 40, effective 11/26/1978; 7 SDR 75, effective 2/8/1981.

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

Law Implemented: SDCL 5-7-23.