65A-6-11 - Land subject to a federal mineral lease.
65A-6-11. Land subject to a federal mineral lease.
(1) With respect to any tract of land in which the state acquires or has acquired anyinterest subject to an outstanding federal mineral lease or prospecting permit, the lessee orpermittee may submit a petition seeking extension of the permit or lease or any other action asmay be necessary to give to the lessee or permittee any and all rights, privileges, and benefitswhich he would have had under the permit or lease had the state not acquired its interest in thetract.
(2) In consideration of the voluntary termination by the federal lessee or permittee of hislease or permit as it relates to that tract, the division may issue to that lessee or permittee a leaseof the acquired tract or any portion of that tract for recovery of the same mineral substances uponterms that the lessee shall have all the rights, privileges, and benefits with reference to that tractwhich he would have had by reason of his lease or permit from the United States had the state notacquired its interest in the tract.
Enacted by Chapter 121, 1988 General Session