Louisiana Revised Statutes 30:148.9 – Oil; natural gas; liquid hydrocarbons; carbon dioxide; lease for underground storage
Terms Used In Louisiana Revised Statutes 30:148.9
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
A. Any lease for the underground storage of oil, natural gas, liquid hydrocarbons, or carbon dioxide granted pursuant to the provisions of this Subpart shall be granted conditionally and shall not be final until the following conditions are met:
(1) Lessee shall request a public hearing with the commissioner of conservation within sixty days after the conditional award of such lease.
(2) After the public hearing is held, the lessee shall obtain an order from the commissioner of conservation finding that the proposed project is in the public interest.
B. Any lease granted hereunder shall be subject to the provisions of La. Rev. Stat. 30:18, 22, and 23, Statewide Order No. 29-M (LAC 43:XVII.Chapter 3), and Statewide Order No. 29-N-1 (LAC 43:XVII.Chapter 1), as applicable.
(1)-(3) Repealed by Acts 2008, No. 315, §2.
Acts 1995, No. 88, §1, eff. June 12, 1995; Acts 2008, No. 315, §§1, 2; Acts 2013, No. 367, §1, eff. June 12, 2013.