43 C.F.R. § 3162.2-8 Does my responsibility for drainage protection end when I assign or transfer my lease interest?
Title 43 - Public Lands: Interior
If you assign your record title interest in a lease or transfer your operating rights, you are not liable for drainage that occurs after the date we approve the assignment or transfer. However, you remain responsible for the payment of compensatory royalties for any drainage that occurred when you held the lease interest. [66 FR 1893, Jan. 10, 2001]
Title 43: Public Lands: Interior
PART 3160—ONSHORE OIL AND GAS OPERATIONS
Subpart 3162—Requirements for Operating Rights Owners and Operators
§ 3162.2-8 Does my responsibility for drainage protection end when I assign or transfer my lease interest?
