43 C.F.R. § 3107.5-3   Undeveloped parts of producing leases.


Title 43 - Public Lands: Interior


Title 43: Public Lands: Interior
PART 3100—OIL AND GAS LEASING
Subpart 3107—Continuation, Extension or Renewal

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§ 3107.5-3   Undeveloped parts of producing leases.

Undeveloped parts of leases retained or assigned out of leases which are extended by production, actual or suspended, or the payment of compensatory royalty shall continue in effect for 2 years after the effective date of assignment and for so long thereafter as oil or gas is produced in paying quantities.

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