Indiana Code Title 14. Natural and Cultural Resources § 14-38-1-24

Sec. 24. (a) This section applies to an application for prospecting permits or leases for the following:

(b) The owner of the right to prospect for and develop and produce petroleum from the abutting land has a preferential right for thirty (30) days after the owner has received notice from the commission of the application for:

for the part of the shore land, river bed, and lake bed that adjoins the abutting land upon the terms and conditions provided in this chapter, notwithstanding any acreage limitations provided in this chapter for permits and leases.