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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 3130 - Oil and Gas Leasing: National Petroleum Reserve, Alaska |
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Subpart 3135 - Transfers, Extensions, Consolidations, and Suspensions |
§ 3135.7 - What effect does a suspension of operations and production have on the term of my lease?
Latest version.
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§ 3135.7 What effect does a suspension of operations and production have on the term of my lease?
(a) Primary term. If BLM grants a suspension of operations and production for your lease, the suspension stops the running of the primary term of your lease for the period of the suspension.
(b) Extended term. If your lease is in its extended term, a suspension holds your lease in its extended term for the period of the suspension as if it were in production.
[67 FR 17886, Apr. 11, 2002]