[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: 43CFR3101.2-5]

[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. 3101.2-5  Computation.

    The accountable acreage of a party owning an undivided interest in a 
lease shall be the party's proportionate part of the total lease 
acreage. The accountable acreage of a party who is the beneficial owner 
of more than 10 percent of the stock of a corporation which holds 
Federal oil and gas leases shall be the party's proportionate part of 
the corporation's accountable acreage. Parties to a contract for 
development of leased lands and co-parties, except those operating, 
drilling or development contracts subject to Sec. 3101.2-3 of this 
title, shall be charged with their proportionate interests in the lease. 
No holding of acreage in common by the same persons in excess of the 
maximum acreage specified in the laws for any one party shall be 
permitted.

[48 FR 33662, July 22, 1983, as amended at 49 FR 2113, Jan. 18, 1984; 53 
FR 17353, May 16, 1988]