43 C.F.R. § 3211.13 Is there a different rental or minimum royalty amount for a fractional interest lease?
Title 43 - Public Lands: Interior
Yes, BLM will prorate rents and minimum royalties payable under leases for lands in which the United States owns only a fractional mineral interest. For example, if the United States owns 50% of a 640 acre lease, you pay rent based on 320 acres.
Title 43: Public Lands: Interior
PART 3200—GEOTHERMAL RESOURCE LEASING
Subpart 3211—Fees, Rent, and Royalties
§ 3211.13 Is there a different rental or minimum royalty amount for a fractional interest lease?
