43 CFR 3137.134 - What happens to committed leases if the unit terminates?

Code of Federal Regulations - Title 43: Public Lands: Interior

Updated to: October 01, 2010

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Title 43: Public Lands: Interior

Subtitle B: Regulations Relating to Public Lands (Continued)

CHAPTER II: BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR

SUBCHAPTER C: MINERALS MANAGEMENT (3000)

PART 3130: OIL AND GAS LEASING: NATIONAL PETROLEUM RESERVE, ALASKA

Subpart 3137: Unitization Agreements-National Petroleum Reserve-Alaska

: Unit Termination

3137.134 - What happens to committed leases if the unit terminates

(a) If the unit terminates, all committed NPR-A leases return to individual lease status and are subject to their original provisions.

(b) An NPR-A lease that has completed its primary term on or before the date the unit terminates will expire unless it is granted an extension or renewal under ? 3135.1-5 or ? 3135.1-6.

[67 FR 17886, Apr. 11, 2002, as amended at 73 FR 6444, Feb. 4, 2008]