43 C.F.R. § 3135.5   When should I stop paying rental or royalty after BLM requires or approves a suspension of operations and production ?


Title 43 - Public Lands: Interior


Title 43: Public Lands: Interior
PART 3130—OIL AND GAS LEASING: NATIONAL PETROLEUM RESERVE, ALASKA
Subpart 3135—Transfers, Extensions, Consolidations, and Suspensions

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§ 3135.5   When should I stop paying rental or royalty after BLM requires or approves a suspension of operations and production ?

You should stop paying rental or royalty on the first day of the month that the suspension is effective. However, if there is any production sold or removed during that month, you must pay royalty on that production.

[67 FR 17886, Apr. 11, 2002]

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