§ 201.798 - Other exploration.

Related Notices
- 96-7430. Final Rule. 96-7430. Editorial Changes to Various Regulations To Conform References to Revised Part 154; Order No. 586; Final Rule

Latest version.

This account shall be charged with the cost of abandoned projects involving natural gas leases acquired before October 8, 1969, on which preliminary expenditures were made for the purpose of determining the feasibility of acquiring acreage to provide a future supply of natural gas (see account 183.1, Preliminary Natural Gas Survey and Investigation Charges).
Note:
Preliminary expenditures on abandoned projects involving natural gas leases acquired after October 7, 1969, shall be charged to account 338, Unsuccessful Exploration and Development Costs.

                    
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