Louisiana Relinquishment Provision - All offset Wells

State:
Multi-State
Control #:
US-OG-716
Format:
Word; 
Rich Text
Instant download

Description

This clause addresses the responsibilites in the event any Party elects not to participate in the drilling of a well and provides for the relinquishment of interest and assignments by that party.

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FAQ

Louisiana Administrative Code Title 61 of the LAC contains the rules for taxes administered by the La Department of Revenue. Complete set of rules promulgated by the Louisiana Department of Revenue can be obtained through the Office of State Register.

How long can you keep mineral rights in Louisiana? The lessee of mineral rights can only keep those rights for 10 years before they revert to the owner. This is ing to the law in Louisiana.

Without prejudice to any other mode of citation, the Louisiana Administrative Code may be cited by Title, Part and Section number. The preferred short form of citation of the Louisiana Administrative Code is "LAC." Thus, "LAC 35:XI. 315" refers to Section 315 of Part XI of Title 35 of the LouisianaAdministrative Code.

Article 21 of the Mineral Code defines a mineral servitude as a right in land owned by another to explore for, produce, and reduce minerals to possession and ownership.

The LAC is the official compilation of administrative rules published by agencies and boards in the state of Louisiana. Revised Statutes (laws passed by the legislature), and the internal guidelines of agencies are not included in administrative rules.

The Louisiana Administrative Procedure Act is the law governing procedures for state administrative agencies to propose and issue regulations and provides for judicial review of agency adjudications and other final decisions in Louisiana. It can be found in Title 49, Chapter 13 of the Louisiana Revised Statutes.

The Office of Conservation rules are contained in Title 43 of the Louisiana Administrative Code. The Division of Administration, Office of the State Register, is the official authority responsible for Executive Orders issued by the Governor, the Louisiana Administrative Code, and the monthly Louisiana Register.

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Louisiana Relinquishment Provision - All offset Wells