11 Alaska Admin. Code § 83.515

Current through May 31, 2024
Section 11 AAC 83.515 - Term of affected oil and gas leases

Where the storage lessee also holds the right to produce oil or gas not previously produced in conjunction with stored oil or gas, any lease covering the oil or gas not previously produced shall be extended for the period of storage and so long thereafter as oil or gas is produced in paying quantities from the zones or geologic horizons used for that storage.

11 AAC 83.515

Eff. 9/5/74, Register 51

Authority:AS 38.05.020

AS 38.05.180(r)