060-18 Wyo. Code R. §§ 18-17 - [Effective 10/24/2024] Cancellation for Default
(a) If any oil and
gas lessee defaults in the performance or observance of any of this chapter or
any of the terms, covenants, or conditions of the lease under which it is
operating, the Board may serve notice of such failure or default either by
personal service or by certified or registered mail upon the lessee. If the
failure or default continues for a period of thirty (30) days after service of
the notice, the Board may declare a forfeiture and cancel the lease, whereupon
all rights and privileges obtained by the lessee under the lease shall
terminate, and the Board may re-enter and take possession of the premises and
surface and down hole equipment if there are outstanding obligations owed the
State.
(a) This section shall not
be construed to prevent the exercise by the Director or the Board of any other
legal or equitable remedy which the state might otherwise have nor to relieve
the lessee from any accrued obligation under the lease. Failure of the lessor
to give notice of default in any particular case or waiver of a particular
cause of forfeiture not prevent the cancellation and forfeiture of the lease
for any other cause of forfeiture or for the same default or cause if it
continues or occurs at any other time.
Notes
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