North Dakota § 38-09-03 Provisions may be inserted in lease for consolidation of adjoining lands - Royalty - How shared

North Dakota Statutes

§ 38-09-03 — Provisions may be inserted in lease for consolidation of adjoining lands - Royalty - How shared

North Dakota·Title 38 Mining and Gas and Oil Production·Ch. 38-09 Exploration and Production on Publicly Owned Lands

Royalty - How shared.
Any oil or gas lease made by any of the political subdivisions mentioned in section 38-09-02
may provide that the lessee may consolidate the land covered by such lease with other
adjoining lands for the purpose of joint development and operation of the entire consolidated
premises as a unit. In such a case, the lessor shall share in the royalty on oil and gas produced
from the consolidated tract in the proportion that the area of the land covered by such lease
bears to the total area of such consolidated tract.

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Royalty - How shared.
Any oil or gas lease made by any of the political subdivisions mentioned in section 38-09-02
may provide that the lessee may consolidate the land covered by such lease with other
adjoining lands for the purpose of joint development and operation of the entire consolidated
premises as a unit. In such a case, the lessor shall share in the royalty on oil and gas produced
from the consolidated tract in the proportion that the area of the land covered by such lease
bears to the total area of such consolidated tract.

North Dakota § 38-09-03 (Provisions may be inserted in lease for consolidation of adjoining lands - Royalty - How shared) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.