[Code of Federal Regulations]
[Title 25, Volume 1]
[Revised as of April 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 25CFR226]

[Page 721-722]
 
                            TITLE 25--INDIANS
 
     CHAPTER I--BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR
 
PART 226_LEASING OF OSAGE RESERVATION LANDS FOR OIL AND GAS MINING
--Table of Contents
 
Sec.  226.26  Determining cost of well.

    The term ``cost of drilling'' as applied where one lessee takes over 
a well drilled by another, shall include all

[[Page 722]]

reasonable, usual, necessary, and proper expenditures. A list of 
expenses mentioned in this section shall be presented to proposed 
purchasing lessee within 10 days after the completion of the well. In 
the event of a disagreement between the parties as to the charges 
assessed against the well that is to be taken over, such charges shall 
be determined by the Superintendent.