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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 3107 - Continuation, Extension or Renewal |
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Production |
§ 3107.23 - Leases capable of production.
Latest version.
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§ 3107.23 Leases capable of production.
No lease for lands on which there is a well capable of producing oil or gas in paying quantities will expire because the lessee fails to produce the same, unless the lessee fails to place the lease in production within a period of not less than 60 calendar days as specified by the authorized officer after receipt of notice by certified mail from the authorized officer to do so. Such production must be continued unless and until suspension of production is granted by the authorized officer.