§ 581.46 - Relinquishment of leases or parts of leases.  


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  • § 581.46 Relinquishment of leases or parts of leases.

    (a) A lease or any part thereof may be surrendered by the record title holder by filing a written relinquishment with the Director. A relinquishment shall take effect on the date it is filed subject to the continued obligation of the lessee and the surety to:

    (1) Make all payments due, including any accrued rentals and royalties; and

    (2) Abandon all operations, remove all facilities, and clear the land to be relinquished to the satisfaction of the Director.

    (b) Upon relinquishment of a lease, the data and information submitted under the lease will no longer be held confidential and will be available to the public.