Code of Federal Regulations (Last Updated: October 10, 2024) |
Title 43 - Public Lands: Interior |
Subtitle B - Regulations Relating to Public Lands |
Chapter II - Bureau of Land Management, Department of the Interior |
SubChapter C - Minerals Management (3000) |
Part 3130 - Oil and Gas Leasing: National Petroleum Reserve, Alaska |
Subpart 3135 - Transfers, Extensions, Consolidations, and Suspensions |
§ 3135.5 - When should I stop paying rental or royalty after BLM requires or approves a suspension of operations and production ?
Latest version.
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§ 3135.5 When should I stop paying rental or royalty after BLM requires or approves a suspension of operations and production ?
You should stop paying rental or royalty on the first day of the month that the suspension is effective. However, if there is any production sold or removed during that month, you must pay royalty on that production.
[67 FR 17886, Apr. 11, 2002]