sec.392BGRequirement to continue geothermal or GHG coordination arrangement after renewal of or dealing with petroleum lease

### sec.392BG Requirement to continue geothermal or GHG coordination arrangement after renewal of or dealing with petroleum lease This section applies if— a petroleum lease has an overlapping authority (geothermal or GHG) that is a geothermal lease or GHG lease (the other lease ); and a geothermal coordination arrangement or GHG coordination arrangement applies to the petroleum lease; and any of the following take place for the petroleum lease— a renewal; a transfer; a subletting of the lease or a share in the petroleum lease. It is a condition of the petroleum lease that its holder must continue to be a party to the following for the lease while the other lease continues in force— if the other lease is a geothermal lease—a geothermal coordination arrangement; if the other lease is a GHG lease—a GHG coordination arrangement. s 392BG ins 2009 No. 3 s 554 sub 2010 No. 31 s 549 (sec.392BG-ssec.1) This section applies if— a petroleum lease has an overlapping authority (geothermal or GHG) that is a geothermal lease or GHG lease (the other lease ); and a geothermal coordination arrangement or GHG coordination arrangement applies to the petroleum lease; and any of the following take place for the petroleum lease— a renewal; a transfer; a subletting of the lease or a share in the petroleum lease. (sec.392BG-ssec.2) It is a condition of the petroleum lease that its holder must continue to be a party to the following for the lease while the other lease continues in force— if the other lease is a geothermal lease—a geothermal coordination arrangement; if the other lease is a GHG lease—a GHG coordination arrangement. - (a) a petroleum lease has an overlapping authority (geothermal or GHG) that is a geothermal lease or GHG lease (the other lease ); and - (b) a geothermal coordination arrangement or GHG coordination arrangement applies to the petroleum lease; and - (c) any of the following take place for the petroleum lease— (i) a renewal; (ii) a transfer; (iii) a subletting of the lease or a share in the petroleum lease. - (i) a renewal; - (ii) a transfer; - (iii) a subletting of the lease or a share in the petroleum lease. - (i) a renewal; - (ii) a transfer; - (iii) a subletting of the lease or a share in the petroleum lease. - (a) if the other lease is a geothermal lease—a geothermal coordination arrangement; - (b) if the other lease is a GHG lease—a GHG coordination arrangement.