K.A.R. 92-9-2
Cash bonus, rental.
Bids for the leasing of oil and gas rights in navigable streams will be considered on the basis of a cash bonus, annual delay rental, and the amount of royalty to be paid shall not be less than 12½% of the gross proceeds at the prevailing market rate. Leases will be executed on a standard Kansas lease form. No lease shall be for a period longer than five years and the lessee shall agree to pay an annual rent in advance on land so long as drilling is delayed.
(Authorized by K.S.A. 71-102, 71-103; effective
Jan. 1, 1966.)
Amendment history
(Authorized by K.S.A. 71-102, 71-103; effective Jan. 1, 1966.)
Source: official source document (2022 KAR Book 4, Kansas Secretary of State)
In this article (10 sections)
- 92-9-1 · Bidders; notice; form of bids.
- 92-9-2 · Cash bonus, rental.
- 92-9-3 · Survey; expense of.
- 92-9-4 · Wells; operation and management.
- 92-9-5 · Location of operations.
- 92-9-6 · 92-9-6
- 92-9-6a · Returns; rates and restrictions.
- 92-9-7 · 92-9-7
- 92-9-8 · 92-9-8
- 93-9-1 · Appraiser qualifications; appraisal reports.