Utah Admin. Code R850-25-200 - Mineral Lease Issuance
1. The
director may issue mineral leases competitively, non-competitively or enter
into joint ventures or other business arrangements for the disposition of
mineral deposits in accordance with the Act.
2. A mineral lease shall not be issued for a
parcel less than a quarter-quarter section or surveyed lot unless approved by
the director.
3. Mineral leases
shall be limited to no more than 2,560 acres or four sections unless approved
by the director.
4. A mineral lease
may be terminated by the director in whole or part for lessee's failure to
comply with any term or condition of the lease or applicable laws and
rules.
Notes
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