43 CFR 3107.5-3 - Undeveloped parts of producing leases.

Text

---

TITLE 43 - PUBLIC LANDS: INTERIOR

SUBTITLE B - REGULATIONS RELATING TO PUBLIC LANDS

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

SUBCHAPTER C - MINERALS MANAGEMENT (3000)

PART 3100 - OIL AND GAS LEASING

subpart 3107 - CONTINUATION, EXTENSION OR RENEWAL

3107.5 - 3 - Undeveloped parts of producing leases.

Undeveloped parts of leases retained or assigned out of leases which are extended by production, actual or suspended, or the payment of compensatory royalty shall continue in effect for 2 years after the effective date of assignment and for so long thereafter as oil or gas is produced in paying quantities.

---