Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 27. Minerals, Oil and Gas |
Chapter 4. OIL AND GAS |
Article 4. Geothermal Resources |
Sec 27-675. Surrender
Latest version.
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At the discretion of and upon prior written approval of the department, a lessee may surrender a portion of the lands covered by the lease at any time upon payment to the department of all amounts then due as to the lands surrendered, but no refund of any part of the cash consideration or rental paid shall be made to the lessee upon such surrender. The lessee may surrender all of the lands covered by the lease at any time upon payment to the department of all amounts then due as to the lands surrendered, but no refund of any part of the cash consideration or rental paid shall be made to the lessee upon such surrender.