94-11567. Proposed Reinstatement of Terminated Oil and Gas Lease; New Mexico

[Federal Register Volume 59, Number 91 (Thursday, May 12, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-11567]


[[Page Unknown]]

[Federal Register: May 12, 1994]


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DEPARTMENT OF THE INTERIOR
[NM-940-4110; NMNM 77023]

 

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 77023, Eddy County, New Mexico 
was timely filed and was accompanied by all required rentals and 
royalties accruing from October 1, 1993, the date of 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 $10.00 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) 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 October 1, 1993, 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: Dolores L. Vigil, BLM, New Mexico 
State Office, [phone].

    Dated: May 4, 1994.
Dolores L. Vigil,
Chief, Adjudication Section.
[FR Doc. 94-11567 Filed 5-11-94; 8:45 am]
BILLING CODE 4310-FB-M