43 C.F.R. § 3141.5-2   Term of lease.


Title 43 - Public Lands: Interior


Title 43: Public Lands: Interior
PART 3140—LEASING IN SPECIAL TAR SAND AREAS
Subpart 3141—Competitive Leasing in Special Tar Sand Areas

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§ 3141.5-2   Term of lease.

(a) Combined hydrocarbon leases or oil and gas leases shall have a primary term of 10 years and shall remain in effect so long thereafter as oil or gas is produced in paying quantities.

(b) Tar Sand leases shall have a primary term of 10 years and shall remain in effect so long thereafter as tar sand is produced in paying quantities.

[70 FR 58615, Oct. 7, 2005]

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