R652-20-2600. Term of Oil Gas and Hydrocarbons Lease -- Unitization or Communitization Agreement

The term of all oil, gas and hydrocarbons leases included in any communitization or unitization plan of oil and gas development or operation in which the Division has joined, or may later join, shall be extended automatically for the term of the unitization or communitization agreement. Rentals on leases so extended shall be at the rate specified in the lease, subject to the change in rates as may be demanded by the lessor on any lease readjustment date as authorized by the lease.