Or. Admin. Code § 141-070-0060

Current through Register Vol. 63, No. 12, December 1, 2024

Section 141-070-0060 - Lease Application

All requests to lease state-owned oil and gas rights shall be submitted on application forms provided by the Division.

(1) The completed application form must be accompanied by a $50 per parcel processing fee payable by cash or check to the Division of State lands.

(2) Each application shall be deemed an offer to lease the oil and gas rights to the lands described therein, including a commitment to pay one year's annual rental in advance for all lands nominated by the applicant if no other bids are received on the subject lands.

(3) Lands included in a lease application will be described as parcels, with each parcel comprised of not less than 40 acres nor more than a platted section of approximately 640 acres except as allowed in OAR 141-070-0050(7) and (8) above.

(4) There is no limitation on the total number of parcels that an applicant may nominate for auction.

Or. Admin. Code § 141-070-0060

LB 3-1988, f. & cert. ef. 9-19-88

Stat. Auth.: ORS 273

Stats. Implemented: ORS 273 .780 - ORS 273 .790