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GENERAL PROVISIONS›CHAPTER 2. Development and Improvement of Granted Tide and Submerged Lands 6701-6707›ARTICLE 2. Provisions Relating to Oil and Gas Leases Generally 6826-6836

§ 6827.2

California Public Resources Code · 2026-09 edition · updated 2026-09-27 · California

In order to prevent the premature abandonment of a lease, notwithstanding any other provision in this chapter, if, after the holding of a public hearing, the commission finds that continued production from a lease is in the best interests of the people of California and that such production is economically unfeasible under the terms set forth in the lease, the commission may renegotiate the lease to reduce the minimum royalty rate or to substitute such other consideration as would be in the best interests of the state.

(Added by Stats. 1975, Ch. 476.)

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California Public Resources Code

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