E8-8237. Notice of Proposed Reinstatement of Terminated Oil and Gas Lease

AGENCY:

Bureau of Land Management, Interior.

ACTION:

Notice of Proposed Reinstatement of Terminated Oil and Gas Lease.

SUMMARY:

Under the provisions of 30 U.S.C. 188(d) and (e), and 43 CFR 3108.2-3(a) and (b)(1), the Bureau of Land Management (BLM) received a petition for reinstatement of oil and gas lease COC67886 from the following companies: (1) Cleary Petroleum Corp., (2) GSE LTD, (3) Peacock Comm. Properties, LTD, and (4) Joe R. Peacock, Sr., for lands in Montrose County, Colorado. The petition was filed on time and was accompanied by all the rentals due since the date the lease terminated under the law.

FOR FURTHER INFORMATION CONTACT:

Bureau of Land Management, Milada Krasilinec, Land Law Examiner, Branch of Fluid Minerals Adjudication, at 303.239.3767.

SUPPLEMENTARY INFORMATION:

The lessee has agreed to the amended lease terms for rentals and royalties at rates of $10.00 per acre or fraction thereof, per year and 162/3 percent, respectively. The lessee has paid the required $500 administrative fee and $163 to reimburse the Department for the cost of this Federal Register notice. The lessees have met all the requirements for reinstatement of the lease as set out in Section 31(d) and (e) of the Mineral Lands Leasing Act of 1920 (30 U.S.C. 188), and the Bureau of Land Management is proposing to reinstate lease COC67886 effective February 1, 2008, under the original terms and conditions of the lease and the increased rental and royalty rates cited above.

Dated: April 10, 2008.

Milada Krasilinec,

Land Law Examiner.