2010-14915. Notice of Proposed Reinstatement of Terminated Oil and Gas Lease, Wyoming

AGENCY:

Bureau of Land Management, Interior.

ACTION:

Notice of Proposed Reinstatement of Terminated Oil and Gas Lease.

SUMMARY:

Under the provisions of the Mineral Lands Leasing Act of 1920, the Bureau of Land Management (BLM) received a petition for reinstatement from Medallion Exploration for competitive oil and gas lease WYW146295 for land in Sheridan County, Wyoming. The petition was timely filed 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, Julie L. Weaver, Chief, Fluid Minerals Adjudication, at [phone].

SUPPLEMENTARY INFORMATION:

The lessee has agreed to the amended lease terms for rentals and royalties at rates of $10 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 lessee has met all the requirements for reinstatement of the lease as set out in Sections 31(d) and (e) of the Mineral Lands Leasing Act of 1920 (30 U.S.C. 188), and the BLM is proposing to reinstate lease WYW146295 effective October 1, 2009, under the original terms and conditions of the lease and the increased rental and royalty rates cited above. The BLM has not issued a valid lease affecting the lands to any other interest in the interim.

Julie L. Weaver,

Chief, Fluid Minerals Adjudication.