43 C.F.R. § 3137.131 What happens if the unit terminated before the unit operator met the initial development obligations?
Title 43 - Public Lands: Interior
If the unit terminated before the unit operator met the initial development obligations, BLM's approval of the unit agreement is revoked. You, as lessee, forfeit all further benefits, including extensions and suspensions, granted any NPR-A lease as a result of having been committed to the unit. Any lease that BLM extended as a result of being committed to the unit would expire unless it qualified for an extension under §3135.1–5 of this part.
Title 43: Public Lands: Interior
PART 3130—OIL AND GAS LEASING: NATIONAL PETROLEUM RESERVE, ALASKA
Subpart 3137—Unitization Agreements—National Petroleum Reserve-Alaska
Unit Termination
§ 3137.131 What happens if the unit terminated before the unit operator met the initial development obligations?
