(a) All State oil and gas leases shall provide that the Board may require the lessee to dedicate all the natural gas produced from State lands for the use and benefit of the people of the State.

(b) If the Board determines that it would benefit the people of the State to so dedicate the natural gas, the Board may arrange for the sale of natural gas for the use of the people of the State, or arrange for the exchange of the natural gas produced with producers of natural gas from other lands if the exchange will benefit the people of the State.

(c) If the Board determines the dedication would not be in the public interest, or would cause waste, or would unreasonably deny the lessee the opportunity to economically market the natural gas, it may waive dedication. (Added 1981, No. 240 (Adj. Sess.), § 2, eff. April 28, 1982.)