43 C.F.R. § 3208.13 Will BLM extend my lease if I choose to pay instead of produce in commercial quantities?
Title 43 - Public Lands: Interior
If you choose to pay instead of produce in commercial quantities under 43 CFR 3208.11(a)(2) and BLM approves the extension, we will modify the lease to require you to make an annual payment. We will specify the amount, which will not be less than $3.00 per acre or fraction of an acre of the lands under lease during an initial extension, or $6.00 per acre or fraction of an acre for a subsequent extension. The actual payment per acre is fixed for the period of the extension. If you request it, we will tell you the rate before you submit your petition for extension. You must make these payments to MMS at the same time you pay the lease rent. BLM may cancel your lease if you do not make these payments.
Title 43: Public Lands: Interior
PART 3200—GEOTHERMAL RESOURCE LEASING
Subpart 3208—Extending the Primary Lease Term
§ 3208.13 Will BLM extend my lease if I choose to pay instead of produce in commercial quantities?
