Made available by Touch N' Go Systems, Inc., and the
Law Offices of James B. Gottstein.

You can also go to The Alaska Legal Resource Center or search the entire website search.

Touch N' Go,® the DeskTop In-and-Out Board makes your office run smoother. Visit Touch N' Go's Website to see how.
Title 11 . Natural Resources
Chapter 83 . (No Regulations Filed)
Section 510. Lieu royalty

11 AAC 83.510. Lieu royalty

In cases where the storage lessee also holds the right to produce oil or gas not previously produced in conjunction with stored oil or gas, the storage lease may, in place of the fee or rental provided for under sec. 505(5) of this chapter, provide for a royalty upon stored oil or gas when produced. The royalty rate may be the same as or different from the royalty rate or rates provided for in any oil and gas leases involved. If the rate is different from the rate or rates in the oil and gas lease or leases, the storage lease must specify whether or not that different rate applies to oil or gas not previously produced and thereafter produced in conjunction with stored oil or gas. If the different rate is to apply, the royalty rate or rates under the oil and gas lease or leases must be modified with respect to oil or gas so produced. If the different rate is not to apply, the storage lease must specify a reasonable method for determining respective portions of production to which the different royalty rates apply.

History: Eff. 9/5/74, Register 51; am 7/22/79, Register 71

Authority: AS 38.05.020

AS 38.05.145 (a)

AS 38.05.180


Note to HTML Version:

The Alaska Administrative Code was automatically converted to HTML from a plain text format. Every effort has been made to ensure its accuracy, but neither Touch N' Go Systems nor the Law Offices of James B. Gottstein can be held responsible for any possible errors. This version of the Alaska Administrative Code is current through June, 2006.

If it is critical that the precise terms of the Alaska Administrative Code be known, it is recommended that more formal sources be consulted. Recent editions of the Alaska Administrative Journal may be obtained from the Alaska Lieutenant Governor's Office on the world wide web. If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful. Copyright 2006. Touch N' Go Systems, Inc. All Rights Reserved.

Last modified 7/05/2006