312 IAC 17-1-12
312 IAC 17-1-12 Competitive bids on production leases
Cite as Ind. Admin. Code tit. 312, r. 17-1-12
Sec. 12. A lease for production made under IC 14-38-1-14 shall be offered under IC 14-38-1-14(b)(1) on a competitive
basis. The details of the offer and acceptance of bids shall be fixed in each notice published as required in section 6 of this rule. The amount of the
bid bond shall also be fixed for an offer.