94-29027. Proposed Reinstatement of Terminated Oil and Gas Lease; New Mexico

[Federal Register Volume 59, Number 226 (Friday, November 25, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-29027]


[[Page Unknown]]

[Federal Register: November 25, 1994]


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DEPARTMENT OF THE INTERIOR

Bureau of Land Management
[NM-930-1310-01; NMNM 64972]

 

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 provisions of Public Law 97-451, a petition for 
reinstatement of Oil and Gas Lease NMNM 64972, Lea County, New Mexico, 
was timely filed and was accompanied by all required rentals and 
royalties accruing from April 1, 1974, the date of the termination. No 
valid lease has been issued affecting the land. The lessee has agreed 
to new lease terms for rentals and royalties at rates of $5.00 per 
acre, or fraction thereof, and 16\2/3\ percent, respectively. Payment 
of a $500.00 administrative fee has been made. Having met all the 
requirements for reinstatement of the lease as set in Section 31 (d) 
and (e)), the Bureau of Land Management (BLM) is proposing to reinstate 
the lease effective April 1, 1994, subject to the original terms and 
conditions of the lease, the increased rental and royalty rates cited 
above, and the reimbursement for cost of publication of this Notice.

FOR FURTHER INFORMATION CONTACT:
Grace A. Gonzales, BLM, New Mexico State Office, [phone].

    Dated: November 14, 1994.
Grace A. Gonzales,
Acting Chief, Lease Maintenance Unit.
[FR Doc. 94-29027 Filed 11-23-94; 8:45 am]
BILLING CODE 4310-FB-M