[Code of Federal Regulations]
[Title 43, Volume 2]
[Revised as of October 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 43CFR3101.2-4]

[Page 326]
 
                    TITLE 43--PUBLIC LANDS: INTERIOR
 
    CHAPTER II--BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR
 
PART 3100--OIL AND GAS LEASING--Table of Contents
 
                    Subpart 3101--Issuance of Leases
 
Sec. 3101.2-4  Excess acreage.

    (a) Where, as the result of the termination or contraction of a unit 
or cooperative plan, the elimination of a lease from an operating, 
drilling or development contract a party holds or controls excess 
accountable acreage, said party shall have 90 days from that date to 
reduce the holdings to the prescribed limitation and to file proof of 
the reduction in the proper BLM office. Where as a result of a merger or 
the purchase of the controlling interest in a corporation, acreage in 
excess of the amount permitted is acquired, the party holding the excess 
acreage shall have 180 days from the date of the merger or purchase to 
divest the excess acreage. If additional time is required to complete 
the divestiture of the excess acreage, a petition requesting additional 
time, along with a full justification for the additional time, may be 
filed with the authorized officer prior to the termination of the 180-
day period provided herein.
    (b) If any person or entity is found to hold accountable acreage in 
violation of the provisions of these regulations, lease(s) or interests 
therein shall be subject to cancellation or forfeiture in their 
entirety, until sufficient acreage has been eliminated to comply with 
the acreage limitation. Excess acreage or interest shall be cancelled in 
the inverse order of acquisition.

[48 FR 33662, July 22, 1983, as amended at 53 FR 17353, May 16, 1988]