43 CFR 3141.52 - Term of lease.

Regulations last checked for updates: Nov 22, 2024

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

View all text of Subpart 3141 [§ 3141.1 - § 3141.70]

§ 3141.52 - Term of lease.

(a) Oil and gas leases in special tar sand areas will have a primary term of 10 years and will remain in effect so long thereafter as oil or gas is produced in paying quantities.

(b) Tar Sand leases will have a primary term of 10 years and will remain in effect so long thereafter as tar sand is produced in paying quantities.

authority: 30 U.S.C. 181

source: 89 FR 30988, Apr. 23, 2024, unless otherwise noted.

cite as: 43 CFR 3141.52