There is a newer version of the Kentucky Revised Statutes
2022
2021
2020
2019
2018
Other previous versions
View our newest version here

2013 Kentucky Revised Statutes
CHAPTER 353 - MINERAL CONSERVATION AND DEVELOPMENT
353.030 Nonproductive well, when lease or contract satisfied by.


KY Rev Stat § 353.030 (2013) What's This?

Download as PDF 353.030 Nonproductive well, when lease or contract satisfied by. The drilling of one (1) nonproductive well constitutes compliance, for a period of twelve (12) months after its completion, with any lease or contract requirement that a well be drilled within a certain period. At the expiration of such twelve (12) months' period another well shall be commenced or else rentals shall be renewed according to the terms of the lease or contract, and if the lessee fails to commence a well or pay the rentals the lessor may avoid the lease or contract. Effective:October 1, 1942 History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 3766b-4b. Legislative Research Commission Note. This section has been worded to comply with Lykins v. Oaks, 286 Ky. 332, 150 S.W.2d 231 (1941).

Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.