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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 |
§ 3106.75 - Effect of transfer.
Latest version.
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§ 3106.75 Effect of transfer.
An assignment of record title to 100 percent of a portion of the lease segregates the transferred portion and the retained portion into separate leases. Each resulting lease retains the anniversary date and the terms and conditions of the original lease. An assignment of record title to less than 100 percent of a portion of the lease or a transfer of operating rights (sublease) will not segregate the transferred and retained portions into separate leases.