43 C.F.R. § 3100.3-2   Effect of option on acreage.


Title 43 - Public Lands: Interior


Title 43: Public Lands: Interior
PART 3100—OIL AND GAS LEASING
Subpart 3100—Onshore Oil and Gas Leasing: General

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§ 3100.3-2   Effect of option on acreage.

The acreage to which the option is applicable shall be charged both to the grantor of the option and the option holder. The acreage covered by an unexercised option remains charged during its term until notice of its relinquishment or surrender has been filed in the proper BLM office.

[48 FR 33662, July 22, 1983. Redesignated at 53 FR 22836, June 17, 1988]

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