Energy, Mines and Resources

Oil and Gas Resources

Inactive Disposition

The period after a disposition is surrendered, expired or cancelled.


Surrender and Partial Surrender

A disposition surrender relinquishes a disposition, in whole or in part, to the Government of Yukon. Sometimes certain stipulations or obligations apply, and must be fulfilled before a surrender will be authorized. Under specific conditions, a disposition may be reinstated within 90 days of a surrender. Guidelines and forms pertaining to surrenders are available.


Expiry

When an oil and gas permit or lease expires, the oil and gas rights revert to the Government of Yukon. Any liability of a former holder that exists at the time of the expiry is not affected by the expiry.


Cancellation

If warranted, an oil and gas disposition may be cancelled by the Minister. A notice confirming the cancellation will be sent to the designated representative at the official service address. Oil and gas rights revert to the Government of Yukon. Any liability of a former holder that exists at the time of the cancellation is not affected by the cancellation.


Reinstatement

If warranted, the Minister may reinstate all or part of a disposition or a zone within a disposition that has been surrendered or cancelled. Application must be made within 90 days of the surrender or cancellation.


Retention of Records

In accordance with the Oil and Gas Disposition Regulations, records pertaining to a disposition must be kept for a minimum of six years unless the Minister requires that the records be kept longer.

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