Oregon Code § 274.845·Enacted ·Last updated March 01, 2026
Statute Text
Surrender of lease.
The lessee may at any time file with the Department of State Lands a written
surrender of all rights under the lease or any portion thereof or any separate
or distinct zone or geological horizon or any portion thereof. Such surrender
shall be effective as of the date of its filing subject to the continuing
obligation of the lessee to pay all rentals and royalties theretofore accrued
and to place all wells on the lands or in the zones or horizons surrendered in
condition for suspension or abandonment in accordance with the applicable lease
terms, regulations and law. Thereupon the lessee shall be released from all
obligations under such lease with respect to the lands, zones or horizons
surrendered, but no such surrender shall release such lessee from any liability
for breach of any monetary obligation of the lease with respect to which such
lessee is in default at the time of the filing of such surrender. [1961 c.619 §24]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 274.845
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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