Section 11.82.909. License proposal.

	(a)  At any time during a calendar year, the commissioner will, in the commissioner's discretion, issue a call for proposals for an oil and gas exploration license that specifies the  
		(1) area to be offered for licensing;  
		(2) minimum qualifications for a licensee, as specified under 11 AAC 82.200(a); and  
		(3) minimum exploration work commitment expressed in dollars.  
	(b)  A prospective license must notify the commissioner in writing of the prospective licensee's intent to submit a proposal for an oil and gas exploration license within 30 days after the commissioner has issued a call for proposals under (a) of this section.  
	(c)  A proposal for an oil and gas exploration license submitted by a prospective licensee must be received by the department within 60 days after the commissioner has issued a call for proposals under (a) of this section.  
	(d)  A proposal for an oil and gas exploration license that is initiated by a prospective licensee, and that is not in response to a call for proposals by the commissioner, must be received by the department during the period beginning April 1 and ending April 30 of a calendar year.  
	(e)  A proposal in response to a call for proposals under (a) of this section or a self-initiated proposal under (d) of this section must  
		(1) describe the lands proposed to be subject to licensing, and provide this information on a map at a scale of 1:250,000 or greater;  
		(2) state the specific work commitment expressed in dollars;  
		(3) propose the term of the license;  
		(4) describe the amount and form of security to be posted, based on the projected cost of the planned exploration work;  
		(5) state that the prospective licensee meets the minimum qualifications, as specified under 11 AAC 82.200;  
		(6) designate one person who is authorized to receive notices on behalf of an applicant; and  
		(7) be submitted on a form provided by the department or a verbatim copy of the department's form.  
	(f)  The commissioner will, in the commissioner's discretion, modify any proposal and request that a prospective licensee submit a revised proposal based on the commissioner's modifications. A prospective licensee shall have 30 days to resubmit a revised proposal which must conform to (e) of this section. The commissioner will reject any proposal that the commissioner determines is not in the state's best interest.  

Authorities

38.05.131;38.05.133

Notes

Reference

11 AAC 82.912
11 AAC 82.915
11 AAC 82.921

Authority

AS 38.05.131 AS 38.05.133

History

Eff. 9/22/95, Register 135