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Code of Federal Regulations (Last Updated: May 6, 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 3140 - Leasing in Special Tar Sand Areas |
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Subpart 3140 - Conversion of Existing Oil and Gas Leases and Valid Claims Based on Mineral Locations |
§ 3140.5 - Duration of the lease.
Latest version.
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§ 3140.5 Duration of the lease.
A combined hydrocarbon lease shall be for a primary term of 10 years and for so long thereafter as oil or gas is produced in paying quantities.