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 3140 - Leasing in Special Tar Sand Areas |
Subpart 3142 - Paying Quantities/Diligent Development for Combined Hydrocarbon Leases |
§ 3142.0-5 - Definitions.
Latest version.
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§ 3142.0-5 Definitions.
As used in part 3140 of this title, the term production in paying quantities means:
(a) Production, in compliance with an approved plan of operations and by nonconventional methods, of oil and gas which can be marketed; or
(b) Production of oil or gas by conventional methods as the term is currently used in part 3160 of this title.
[51 FR 7276, Mar. 3, 1986, as amended at 70 FR 58616, Oct. 7, 2005]