95-26642. Notice of Proposed Reinstatement of Terminated Oil and Gas Lease; New Mexico

[Federal Register Volume 60, Number 208 (Friday, October 27, 1995)]
[Notices]
[Page 55043]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-26642]



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DEPARTMENT OF THE INTERIOR
[NM-930-1310-01; NMNM 13277]


Notice of Proposed Reinstatement of Terminated Oil and Gas Lease; 
New Mexico

AGENCY: Bureau of Land Management, Interior.

ACTION: Notice.

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SUMMARY: Under the provision of Public Law 97-451; a petition for 
reinstatement of Oil and Gas Lease NMNM 13277, Lea County, New Mexico, 
was timely filed and was accompanied by all required rentals and 
royalties accruing from March 1, 1995, the date of termination. No 
valid lease has been issued affecting the land. The lessees have agreed 
to new lease terms for rentals and royalties at rates of $15.00 per 
acre, or fraction thereof, and 20\2/3\ percent, respectively. Payment 
of a $500.00 administration fee has been made. Having met all the 
requirements for reinstatement of the lease as set in Section 31(d) and 
(e) of the Mineral Leasing Act of 1920, as amended (30 U.S.C. 188(d) 
and (e)), the Bureau of Land Management is proposing to reinstate the 
lease effective March 1, 1995, subject to the original terms and 
conditions of the lease and the increased rental and royalty rates 
cited above, and the reimbursement for cost of publication of this 
Notice.

FOR FURTHER INFORMATION CONTACT: Becky C. Olivas, BLM, New Mexico State 
Office, [phone].

    Dated: October 18, 1995.
Becky C. Olivas,
Land Law Examiner, Fluids Adjudication Team 1.
[FR Doc. 95-26642 Filed 10-26-95; 8:45 am]
BILLING CODE 4310-FB-M