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 3136 - Relinquishments, Terminations and Cancellations of Leases |
§ 3136.2 - Terminations.
Latest version.
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§ 3136.2 Terminations.
Any lease on which there is no well capable of producing oil or gas in paying quantities shall terminate if the lessee fails to pay the annual rental in full on or before the anniversary date of such lease and such failure continues for more than 30 days after the notice of delinquent rental has been delivered by registered or certified mail to the lease owner's record post office address.