Code of Federal Regulations (Last Updated: July 5, 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 |
§ 3136.3 - Cancellation of leases.
Latest version.
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§ 3136.3 Cancellation of leases.
(a) Any nonproducing lease may be canceled by the authorized officer whenever the lessee fails to comply with any provisions of the Acts cited in § 3130.0-3 of this title, of the regulations issued thereunder or of the lease, if such failure to comply continues for 30-days after a notice thereof has been delivered by registered or certified mail to the lease owner's record post office address.
(b) Producing leases or leases known to contain valuable deposits of oil or gas may be canceled only by court order.