R850-30-1000. Lease Amendments

(1) The director may amend a lease if the amendment would be consistent with Rule R850-2. Unless waived by the director, the director shall solicit competing interest pursuant to Section R850-30-500 if: (a) the total amended acreage exceeds 150% of the original acreage; (b) the lease term, including any extensions is longer than 50 years; or (c) the proposed amended purpose of the lease is substantially different from the original purpose. (2) The director may condition approval of an amendment on the lessee accepting the current lease form.