Regulations last checked for updates: Feb 16, 2025

Title 43 - Public Lands: Interior last revised: Feb 10, 2025
§ 3903.51 - Minimum production and payments in lieu of production.

(a) Each lease must meet its minimum annual production amount of shale oil or make a payment in lieu of production for any particular lease year, beginning with the 10th lease year.

(b) The minimum payment in lieu of annual production is established in the lease and will not be less than $4 per acre or fraction thereof per year, payable in advance. Production royalty payments will be credited to payments in lieu of annual production for that year only.

authority: 30 U.S.C. 189,359,and,42.S.C. 15927, 43 U.S.C. 1732(b) and 1740
source: 73 FR 69469, Nov. 18, 2008, unless otherwise noted.
cite as: 43 CFR 3903.51