Section 11.83.515. Term of affected oil and gas leases.

Latest version.

Where the storage lessee also holds the right to produce oil or gas not previously produced in conjunction with stored oil or gas, any lease covering the oil or gas not previously produced shall be extended for the period of storage and so long thereafter as oil or gas is produced in paying quantities from the zones or geologic horizons used for that storage.

Authorities

38.05.020;38.05.180

Notes

Authority
 AS 38.05.020  
AS 38.05.180(r)  
History Eff. 9/5/74, Register 51

                    
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