All requests to lease state-owned oil and gas rights shall be submitted on application forms provided by the Division.
- (1) The completed application form must be accompanied by a $50 per parcel processing fee payable by cash or check to the Division of State lands.
- (2) Each application shall be deemed an offer to lease the oil and gas rights to the lands described therein, including a commitment to pay one year’s annual rental in advance for all lands nominated by the applicant if no other bids are received on the subject lands.
- (3) Lands included in a lease application will be described as parcels, with each parcel comprised of not less than 40 acres nor more than a platted section of approximately 640 acres except as allowed in OAR 141-070-0050(7) and (8) above.
- (4) There is no limitation on the total number of parcels that an applicant may nominate for auction.
Statutory/Other Authority
ORS 273
Statutes/Other Implemented
ORS 273.780 - 273.790
History
LB 3-1988, f. & cert. ef. 9-19-88