97-17504. Notice of Proposed Reinstatement of Terminated Oil and Gas Lease; New Mexico

[Federal Register Volume 62, Number 128 (Thursday, July 3, 1997)]
[Notices]
[Page 36073]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-17504]


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DEPARTMENT OF THE INTERIOR

Bureau of Land Management
[NM-932-1310-01; NMNM 94194]


Notice of 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 Pub. L. 97-451, a petition for 
reinstatement of Oil and Gas Lease NMNM 94194, Lea County, New Mexico, 
was timely filed and was accompanied by all required rentals and 
royalties accruing from July 1, 1996, 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 $5.00 
per acre, or fraction thereof, and 16\2/3\ 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 in Section 31 (d) and (e) of the Mineral Leasing Act of 
1920, as amended (30 U.S.C. 188), and the Bureau of Land Management is 
proposing to reinstate the lease effective July 1, 1996, subject to the 
original terms and conditions of the lease and the increased rental and 
royalty rates cited above.

FOR FURTHER INFORMATION CONTACT:
Angela Trujillo, BLM, New Mexico State Office, [phone].

    Dated: June 25, 1997.
Angela Trujillo,
Land Law Examiner, Fluids Adjudication Team.
[FR Doc. 97-17504 Filed 7-2-97; 8:45 am]
BILLING CODE 4310-FB-M