Alaska Administrative Code (Last Updated: January 12, 2017) |
Title 11. Natural Resources. |
Part 11.1. Office of the Commissioner. |
Chapter 11.83. Oil and Gas Leasing. |
Article 11.83.1. General Oil and Gas Lease Provisions. |
Section 11.83.705. Work commitment modification.
Latest version.
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Application for modification of a work commitment under AS 38.05.180(h) must comply with 11 AAC 88.105 and must (1) state all the facts that may entitle the applicant to a modification of the work commitment; (2) state the location and status of all past and present activities on the lease; (3) contain a detailed report of all activity on the lease preceding the filing of the application and must include an accounting for all expenses and costs of operating the lease; (4) be filed not later than 30 days before the existing deadline for the fulfillment of the term of the work commitment the lessee wishes to be modified; (5) address all pertinent factors listed in 11 AAC 83.700(b) - (e), as appropriate; and (6) in connection with an application for a waiver under 11 AAC 83.700(e), affirm the lessee's readiness and ability to post a performance bond or to provide other security acceptable to the commissioner to assure fulfillment of the work commitment.
Authorities
38.05.020;38.05.180
Notes
Authority
AS 38.05.020 AS 38.05.180History
Eff. 11/9/79, Register 72; am 9/25/85, Register 95