43 C.F.R. § 3106.7-5 Effect of transfer.
Title 43 - Public Lands: Interior
A transfer of record title to 100 percent of a portion of the lease segregates the transferred portion and the retained portion into separate leases. Each resulting lease retains the anniversary date and the terms and conditions of the original lease. A transfer of an undivided record title interest or a transfer of operating rights (sublease) shall not segregate the transferred and retained portions into separate leases.
Title 43: Public Lands: Interior
PART 3100—OIL AND GAS LEASING
Subpart 3106—Transfers by Assignment, Sublease or Otherwise
§ 3106.7-5 Effect of transfer.
