25 C.F.R. § 226.26

Current through May 31, 2024
Section 226.26 - Determining cost of well

The term "cost of drilling" as applied where one lessee takes over a well drilled by another, shall include all reasonable, usual, necessary, and proper expenditures. A list of expenses mentioned in this section shall be presented to proposed purchasing lessee within 10 days after the completion of the well. In the event of a disagreement between the parties as to the charges assessed against the well that is to be taken over, such charges shall be determined by the Superintendent.

25 C.F.R. §226.26

81 FR 39573, 6/17/2016