§ 04:01:01:17

ARSD 04:01:01:17

Shut-in royalty clause.

Effective Sep 28, 199219 SDR 42Source: 2 SDR 36, effective November 17, 1975; 5 SDR 25, effective October 12, 1978; 19 SDR 42, effective September 28, 1992. | General Authority: SDCL 5-7-24 , 5-7-37. | Law Implemented: SDCL 5-7-24 , 5-7-25.

Each lease shall contain a shut-in royalty clause. An operator shall notify the commissioner of a shut-in on a form obtained from the commissioner's office. The annual shut-in royalty rate is $1.00 per acre.

Source: 2 SDR 36, effective November 17, 1975; 5 SDR 25, effective October 12, 1978; 19 SDR 42, effective September 28, 1992.

General Authority: SDCL 5-7-24 , 5-7-37.

Law Implemented: SDCL 5-7-24 , 5-7-25.