32-23-13-1. "Adjacent mineral producer"

IN Code § 32-23-13-1 (2019) (N/A)
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Sec. 1. As used in this chapter, "adjacent mineral producer" means a person that:

(1) is engaged in the production, development, or future development of at least one (1) mineral, including coal, oil, gas, or another mineral in solid, liquid, or gaseous form; and

(2) owns or leases a property interest in:

(A) the mineral estate adjacent to, adjoining, or contiguous to the mineral interest of an unknown or missing owner;

(B) a portion of the mineral estate adjacent to, adjoining, or contiguous to the mineral interest of an unknown or missing owner; or

(C) an area that the person seeks to develop that is within the boundaries of a proposed production unit established by spacing regulations of the division of oil and gas.

As added by P.L.28-2015, SEC.1.