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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 3141 - Leasing in Special Tar Sand Areas |
§ 3141.5-2 - Term of lease.
Latest version.
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§ 3141.5-2 Term of lease.
(a) Combined hydrocarbon leases or oil and gas leases shall have a primary term of 10 years and shall remain in effect so long thereafter as oil or gas is produced in paying quantities.
(b) Tar Sand leases shall have a primary term of 10 years and shall remain in effect so long thereafter as tar sand is produced in paying quantities.
[70 FR 58615, Oct. 7, 2005]