[Code of Federal Regulations]
[Title 43, Volume 1]
[Revised as of October 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 43CFR16.1]

[Page 367]
 
                    TITLE 43--PUBLIC LANDS: INTERIOR
 
PART 16--CONSERVATION OF HELIUM--Table of Contents
 
Sec. 16.1  Agreements to dispose of helium in natural gas.

    (a) Pursuant to his authority and jurisdiction over Federal lands, 
the Secretary may enter into agreements with qualified applicants to 
dispose of the helium of the United States upon such terms and 
conditions as he deems fair, reasonable, and necessary to conserve such 
helium, whenever helium can be conserved that would otherwise be wasted 
or lost to Federal ownership or use in the production of oil or gas from 
Government lands embraced in an oil and gas lease or whenever federally 
owned deposits of helium-bearing gas are being drained. The precise 
nature of any agreement will depend on the conditions and circumstances 
involved in that particular case.
    (b) An agreement shall be subject to the existing rights of the 
Federal oil and gas lessee.
    (c) An agreement shall provide that in the extraction of helium from 
gas produced from Federal lands, it shall be extracted so as to cause no 
delay, except that required by the extraction process, in the delivery 
of the residue of the gas produced from such lands to the owner thereof. 
Title will be granted to the helium which is physically reduced to 
possession.

[30 FR 9218, July 23, 1965]