La. Admin. Code tit. 43 § I-927

Current through Register Vol. 50, No. 6, June 20, 2024
Section I-927 - Definitions

Affiliates-any business concerns affiliated with each other where either directly or indirectly one concern controls or has the power to control the other or a third party controls or has the power to control both.

Contract-a contract for the disposition of state royalty oil.

Lessee-the owner or owners of the working interest under a state lease.

Lessor-the state of Louisiana acting through the State Mineral Board.

Louisiana Refiner-an applicant who is certified by the mineral board.

Refiner-a qualified applicant who contracts for state royalty oil pursuant to the policies and procedures established by the State Mineral Board and these regulations.

Royalty Oil-the state's royalty portion of crude oil or condensate produced from or allocated to state leases.

Seller-the State Mineral Board acting on behalf of the state of Louisiana in a contract to sell royalty oil.

La. Admin. Code tit. 43, § I-927

Promulgated by the Department of Natural Resources, Office of the Secretary, LR 6:133 (March 1980), amended by the Department of Natural Resources, Office of Mineral Resources, LR 34:256 (February 2008).
AUTHORITY NOTE: Promulgated in accordance with R.S. 30:143.