<html> <head> <title>Rule 04:01:01:11 Completion of a well allowed if commenced within the term of lease.</title> <META NAME="Keywords" Content="Administrative Rules 04:01:01:11"> <META NAME="Description" Content="Administrative Rules 04:01:01:11 Completion of a well allowed if commenced within the term of lease."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>4:01:01:11.&nbsp;&nbsp;Completion of a well allowed if commenced within the term of lease.</b> The lessee shall have the right to continue drilling a well to completion with reasonable diligence and dispatch if the lessee begins to drill that well within the term of the lease or an extension thereof. If oil or gas is found in paying quantities, the lease shall be in force as if the well had been completed within the term of the lease or its extension.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 2 SDR 36, effective November 17, 1975.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=5-7-23">5-7-23</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=5-7-37">5-7-37.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=5-7-23">5-7-23.</A></p> </div> </body> </html>