2011-25253. Notice of Proposed Reinstatement of Terminated Oil and Gas Lease NMNM 113399

AGENCY:

Bureau of Land Management, Interior.

ACTION:

Notice.

SUMMARY:

Under the Class II provisions of Title IV, Public Law 97-451, the Bureau of Land Management received a petition for reinstatement of oil and gas lease NMNM 113399 from the lessees Three Rivers Acquisition LLC, ABO Petro Corp, MYCO Industries, Inc., OXY Y-1 Co., and Yates Petro Corp., for lands in Eddy County, New Mexico. 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:

Margie Dupre, Bureau of Land Management, New Mexico State Office, P.O. Box 27115, Santa Fe, New Mexico 87502-0115 or at [phone]. Persons who use a telecommunications device for the deaf (TDD) may call the Federal Information Relay Service (FIRS) at 1-800-877-8339 to contact the above individual during business hours. The FIRS is available 24 hours a day, 7 days a week, to leave a message or question with the above individual. You will receive a reply during normal business hours.

SUPPLEMENTARY INFORMATION:

No valid lease has been issued that affects the lands. The lessees agree to new lease terms for rentals and royalties of $10 per acre or a fraction thereof, per year, and 16-2/3 percent, respectively. The lessees paid the required $500 administrative fee for the reinstatement of the lease and $166 cost for publishing this Notice in the Federal Register. The lessees met all the requirements for reinstatement of the lease as set out in Section 31(d) and (e) of the Mineral Leasing Act of 1920 (30 U.S.C. 88). We are proposing to reinstate lease NMNM 113399, effective the date of termination, March 1, 2011, under the original terms and conditions of the lease and the increased rental and royalty rates cited above.

Margie Dupre,

Land Law Examiner, Fluids Adjudication Team.