BlackletterCalifornia law

Public Resources Code § 6827.2

ARTICLE 2. Provisions Relating to Oil and Gas Leases Generally

Current as of September 28, 2026Pub. Resources Code, § 6827.2Official source ↗

Added by Stats. 1975, Ch. 476.

In order to prevent the premature abandonment of a lease, notwithstanding any other provision in this chapter, if, after the holding of a public hearing, the commission finds that continued production from a lease is in the best interests of the people of California and that such production is economically unfeasible under the terms set forth in the lease, the commission may renegotiate the lease to reduce the minimum royalty rate or to substitute such other consideration as would be in the best interests of the state.