04:01:01:15Term of oil and gas lease -- Rental rate.
Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
The term of an oil and gas lease is five years. Rental rate is one dollar per acre per year on a drill or pay basis.
Source: 2 SDR 36, effective November 20, 1975; 5 SDR 40, effective November 26, 1978; 7 SDR 75, effective February 8, 1981.