43 CFR 3208.17 - If I begin production, do I get a credit for payments made instead of production in commercial quantities or significant expenditures?

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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 3200: GEOTHERMAL RESOURCE LEASING

Subpart 3208: Extending the Primary Lease Term

3208.17 - If I begin production, do I get a credit for payments made instead of production in commercial quantities or significant expenditures

No, if you begin production, you will not get a credit against royalties for either payments instead of production or significant expenditures made for that year.

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