(A) The Planning Commission shall have the authority to grant a variance to permit the exploration for, drilling for and production of oil and gas without the required showing by the applicant as set forth in this chapter.
(B) However, the Commission shall satisfy itself that the following conditions apply:
(1) That it appears probable that there is oil or gas underneath the property under consideration or under adjacent property which cannot be otherwise reasonably extracted.
(2) That the granting of the variance will not be materially detrimental to the property of other persons located in the same vicinity, nor be detrimental to the public welfare of the community.
('64 Code, § 70.06)