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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 43 - Public Lands: Interior |
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Subtitle B—Regulations Relating to Public Lands |
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Chapter II—Bureau of Land Management, Department of the Interior |
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SubChapter C—Minerals Management (3000) |
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Part 3100 - Oil and Gas Leasing |
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Subpart 3106 - Transfers by Assignment, Sublease or Otherwise |
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Forms |
§ 3106.71 - Failure to qualify.
Latest version.
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§ 3106.71 Failure to qualify.
The BLM will not approve any assignment of record title or transfer of operating rights (sublease) if any party in interest is not a qualified lessee, or if the bond is insufficient. The BLM approves assignments and transfers for administrative purposes only. Approval does not warrant or certify that either party to a transfer holds legal or equitable title to a lease.