Oil and Gas Disposition Regulation — Canada — Yukon law | Esheria

Oil and Gas Disposition Regulation

This part sets out how oil and gas dispositions may be requested, reviewed, offered for sale, bid on, and issued, including notice, bid content, and work-deposit rules.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
Canada — Yukon
Instrument
Regulation
Version
Undated source snapshot
Language
en
Official source
View official record ↗
bids compensation deposits dispositions document registration fees information disclosure interest lease applications leases licensing offset drilling oil and gas rights permit applications permit deposits permits records retention refunds registration security notice registration transfer registration

Statute overview

About this statute

This part sets out how oil and gas dispositions may be requested, reviewed, offered for sale, bid on, and issued, including notice, bid content, and work-deposit rules. A permit holder may apply to recover a work deposit, but only within the stated time window and only if the Minister-approved proof is provided; the Minister must return or refund the approved amount, and special rules apply if the request is for less than 25%. This part sets fees, deposits, refund deadlines, record-keeping duties, and disclosure powers for oil and gas dispositions and permits. This provision sets out what must be included in lease-conversion and lease-renewal applications, the minimum lease area, and the offset notice and compensation process for certain oil and gas wells. This provision lets the Division Head refuse certain transfer and notice registrations, requires cancellation of some security notice registrations, and sets compensation and re-offer rules after cancellation of a disposition.