S.D. Admin. R. 4:01:01:17

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

Section 4:01:01:17 - Shut-in royalty clause

Each lease shall contain a shut-in royalty clause. An operator shall notify the commissioner of a shut-in on a form obtained from the commissioner's office. The annual shut-in royalty rate is $1.00 per acre.

S.D. Admin. R. 4:01:01:17

2 SDR 36, effective 11/17/1975; 5 SDR 25, effective 10/12/1978; 19 SDR 42, effective 9/28/1992.

General Authority: SDCL 5-7-24, 5-7-37.

Law Implemented: SDCL 5-7-24, 5-7-25.