060-18 Wyo. Code R. §§ 18-14 - [Effective 10/24/2024] Relinquishment
(a) An oil and gas lease or any divided
interest therein may be relinquished by the record title holder to the Board in
the following manner:
(i) If no operations
have been conducted under the lease and no surface disturbance or damage has
occurred on the land to be relinquished, the lessee shall file with the Office
a written statement on a form provided by the Office that he wishes to
relinquish the lease or interest. The relinquishment shall become effective on
the date and hour of receipt by the Office or at some later date if
specified.
(ii) If operations have
been conducted under the lease or surface disturbance or damage has occurred on
land proposed to be relinquished, the lessee shall file with the Office a
statement on a form provided by the Office that he wishes to relinquish the
lease or interest. Relinquishment shall not become effective until the land and
the wells thereon shall have been placed in acceptable condition and an
inspection report has been completed by the State Oil & Gas
Supervisor.
(iii) Once a
relinquishment on state lands becomes effective, the lease may not be
reinstated. The lands shall be made available for lease as provided in Section
5 of this chapter.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
(a) An oil and gas lease or any divided interest therein may be relinquished by the record title holder to the Board in the following manner:
(i) If no operations have been conducted under the lease and no surface disturbance or damage has occurred on the land to be relinquished, the lessee shall file with the Office a written statement on a form provided by the Office that he wishes to relinquish the lease or interest. The relinquishment shall become effective on the date and hour of receipt by the Office or at some later date if specified.
(ii) If operations have been conducted under the lease or surface disturbance or damage has occurred on land proposed to be relinquished, the lessee shall file with the Office a statement on a form provided by the Office that he wishes to relinquish the lease or interest. Relinquishment shall not become effective until the land and the wells thereon shall have been placed in acceptable condition and an inspection report has been completed by the State Oil & Gas Supervisor.
(iii) Once a relinquishment on state lands becomes effective, the lease may not be reinstated. The lands shall be made available for lease as provided in Section 5 of this chapter.