Rule 299.4055

Mich. Admin. Code R. 299.4055

Lease terms and conditions.

(By authority conferred on the department of natural resources by sections 502 and 504 of 1994 PA 451, MCL 324.502 and MCL 324.504)Minerals Management Section

(1) Lease terms and conditions must be on a lease form prescribed by the department.
(2) A lease for gas storage on any lands must not preclude other leases for oil, gas, or metallic and nonmetallic minerals where such joint operations might prove feasible.
(3) The lessee and the lessor are separately responsible for compliance with their respective obligations pursuant to the terms and conditions of the lease.

History: 1990 AACS; 2018 AACS.