Section 312IAC16-1-31.5. "Lease" defined  


Latest version.
  •   5. "Lease" means the property from which an owner may produce oil or gas. (Natural Resources Commission; 312 IAC 16-1-31.5; filed Sep 11, 2000, 3:31 p.m.: 24 IR 278; readopted filed Nov 17, 2004, 11:00 a.m.: 28 IR 1315; readopted filed Mar 25, 2010, 2:57 p.m.: 20100421-IR-312100033RFA; readopted filed Sep 30, 2015, 12:13 p.m.: 20151028-IR-312150224RFA)