43 CFR 3475.5 - Diligent development and continued operation.

Regulations last checked for updates: Oct 18, 2024

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

View all text of Subpart 3475 [§ 3475.1 - § 3475.6]

§ 3475.5 - Diligent development and continued operation.

In accordance with part 3480 of this title, each lease shall require:

(a) Diligent development; and

(b) Either (1) continued operation except when operations under the lease are interrupted by strikes, the elements or casualties not attributable to the lessee, or (2) in lieu thereof, when the Secretary determines that the public interest will be served, payment of an advanced royalty.

[47 FR 33151, July 30, 1982, as amended at 50 FR 8627, Mar. 4, 1985]

authority: 30 U.S.C. 189 and 359; and 43 U.S.C. 1701

source: 44 FR 42643, July 19, 1979, unless otherwise noted.

cite as: 43 CFR 3475.5