LAC 43:V.527. Definitions [Formerly LAC 43:I.927]

Affiliates—any business concerns affiliated with each other where either directly or indirectly one concern controls or has the power to control the other or a third party controls or has the power to control both. Contract—a contract for the disposition of state royalty oil. Lessee—the owner or owners of the working interest under a state lease. Lessor—the state of Louisiana acting through the State Mineral Board. Louisiana Refiner—an applicant who is certified by the mineral board. Refiner—a qualified applicant who contracts for state royalty oil pursuant to the policies and procedures established by the State Mineral Board and these regulations. Royalty Oil—the state's royalty portion of crude oil or condensate produced from or allocated to state leases. Seller—the State Mineral Board acting on behalf of the state of Louisiana in a contract to sell royalty oil.