97-12571. New Mexico: Proposed Reinstatement of Terminated Oil and Gas Lease

[Federal Register Volume 62, Number 93 (Wednesday, May 14, 1997)]
[Notices]
[Page 26552]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-12571]


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DEPARTMENT OF THE INTERIOR

Bureau of Land Management
[NM-930-1310-01; NMNM 96224]


New Mexico: Proposed Reinstatement of Terminated Oil and Gas 
Lease

    Under the provisions of Public Law 97-451, a petition for 
reinstatement of oil and gas lease NMNM 96224 for lands in Chaves 
County, New Mexico, was timely filed and was accompanied by all 
required rentals and royalties accruing from March 1, 1997, 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\1/2\ percent, respectively. The 
lessee has paid the required $500.00 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 out in Sections 31 (d) and (e) of the Mineral Leasing Act 
of 1920 (30 USC 188), and the Bureau of Land Management is proposing to 
reinstate the lease effective March 1, 1997, 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: May 2, 1997.
Becky C. Olivas,
Land Law Examiner.
[FR Doc. 97-12571 Filed 5-13-97; 8:45 am]
BILLING CODE 4310-FB-M