99-5471. New Mexico: Proposed Reinstatement of Terminated Oil and Gas Lease

[Federal Register Volume 64, Number 43 (Friday, March 5, 1999)]
[Notices]
[Page 10719]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-5471]


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DEPARTMENT OF THE INTERIOR

Bureau of Land Management
[NM-930-1310-01; NMNM 89783]


New Mexico: Proposed Reinstatement of Terminated Oil and Gas 
Lease

    Under the provision of Public Law 97-451; a petition for 
reinstatement of Oil and Gas Lease NMNM 89783, Rio Arriba County, New 
Mexico, was timely filed and was accompanied by all required rentals 
and royalties accruing from November 1, 1998, the date of termination.
    No valid lease has been issued affecting the lands. The lessee has 
agreed to new lease terms for rentals and royalties at rates of $10.00 
per acre, or fraction thereof, and 16 \2/3\ percent, respectively. The 
lessee has paid the required $500 administrative fee and has reimbursed 
the Bureau of Land Management for the cost of this Federal Register 
notice.
    The lessee has 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))., and the Bureau of Land 
Management is proposing to reinstate the lease effective November 1, 
1998, subject to the original terms and conditions of the lease and the 
increased rental and royalty rates cited above.
    For Further Information Contact: Becky C. Olivas, BLM, New Mexico 
State Office, [phone].

    Dated: February 25, 1999.
Becky C. Olivas,
Land Law Examiner, Fluids Adjudication Team.
[FR Doc. 99-5471 Filed 3-4-99; 8:45 am]
BILLING CODE 4310-FB-M