Statute · California Public Resources Code
Cal. Pub. Res. Code § 6827.2 — Provisions Relating to Oil and Gas Leases Generally
Cal. Pub. Res. Code § 6827.2
- Type
- Statute
- Source
- California Public Resources Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
In order to prevent the premature abandonment of a lease, notwithstanding any other provision in this chapter, if, after the holding of a public hearing, the commission finds that continued production from a lease is in the best interests of the people of California and that such production is…
Citator
Cal. Pub. Res. Code § 6827.2 — Provisions Relating to Oil and Gas Leases Generally is in force in the current edition of the Code, and nothing recorded condemns it.
In order to prevent the premature abandonment of a lease, notwithstanding any other provision in this chapter, if, after the holding of a public hearing, the commission finds that continued production from a lease is in the best interests of the people of California and that such production is economically unfeasible under the terms set forth in the lease, the commission may renegotiate the lease to reduce the minimum royalty rate or to substitute such other consideration as would be in the best interests of the state.