§ 04:01:01:08

ARSD 04:01:01:08

Annual payment required.

Effective Nov 17, 19752 SDR 36Source: 2 SDR 36, effective November 17, 1975. | General Authority: SDCL 5-7-23 , 5-7-37. | Law Implemented: SDCL 5-7-23 , 5-7-24.

All oil and gas rental payments shall be payable on an annual basis. These payments will be as for rent and will cover the privilege of deferring the drilling of a well for 12 months from the anniversary date of the lease.

Source: 2 SDR 36, effective November 17, 1975.

General Authority: SDCL 5-7-23 , 5-7-37.

Law Implemented: SDCL 5-7-23 , 5-7-24.