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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 |
§ 3107.9-1 - Payment of compensatory royalty.
Latest version.
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§ 3107.9-1 Payment of compensatory royalty.
The payment of compensatory royalty shall extend the term of any lease for the period during which such compensatory royalty is paid and for a period of 1 year from the discontinuance of such payments.