R850-27-200. Geothermal Steam Lease Issuance

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1. The agency shall issue leases competitively, non-competitively or enter into joint ventures or other business arrangements for the leasing of geothermal steam resources only on lands where the agency owns both the surface and mineral rights.

2. A lease shall not be issued for a parcel less than a quarter-quarter section or surveyed lot unless approved by the director.

3. Leases shall be limited to no more than 640 acres or one section unless approved by the director.

4. Any lease may be terminated by the agency in whole or part upon lessee's failure to comply with any term or condition of the lease or applicable laws and rules.

                    
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