The notice will specify the time and place of bid opening, the manner in which bids shall be submitted, a description of the mineral rights in each bidding unit, and the terms and conditions of the lease, including royalty and rental rates. The notice will also state that a proposed development and operations plan and an environmental analysis of development and production alternatives will be required before a lease can be issued.

Statutory/Other Authority

ORS 273

Statutes/Other Implemented

ORS 273.780 - 273.790

History

LB 44, f. & ef. 8-16-77