43 CFR 3107.53 - Undeveloped parts of producing leases.

Regulations last checked for updates: Oct 20, 2024

Title 43 - Public Lands: Interior last revised: Sep 06, 2024

View all text of Subpart 3107 [§ 3107.10 - § 3107.72]

§ 3107.53 - 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 will 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.

authority: 25 U.S.C. 396d and 2107; 30 U.S.C. 189,306,359,and; 43 U.S.C. 1701

source: 89 FR 30966, Apr. 23, 2024, unless otherwise noted.

cite as: 43 CFR 3107.53