Code of Federal Regulations (Last Updated: April 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 3200 - Geothermal Resource Leasing |
Subpart 3208 - Extending the Primary Lease Term |
§ 3208.17 - If I begin production, do I get a credit for payments made instead of production in commercial quantities or significant expenditures?
Latest version.
-
No, if you begin production, you will not get a credit against royalties for either payments instead of production or significant expenditures made for that year.