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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 11. Natural Resources. |
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Part 11.1. Office of the Commissioner. |
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Chapter 11.83. Oil and Gas Leasing. |
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Article 11.83.1. General Oil and Gas Lease Provisions. |
Section 11.83.140. Extension by elimination from a unit.
Latest version.
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If any lease or a portion of one is eliminated from the unit plan or recovery program, or if the unit plan or recovery program is terminated, then the lease or portion of it so eliminated continues in full force and effect as may be provided in the unit or cooperative agreement, but for not less than 90 days from the date of the elimination or termination and so long thereafter as drilling or redrilling operations are being conducted on it and so long thereafter as oil or gas is produced in paying quantities.
Authorities
38.05.020;38.05.145;38.05.180