[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: 43CFR3162.2-8]

[Page 418]
 
                    TITLE 43--PUBLIC LANDS: INTERIOR
 
    CHAPTER II--BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR
 
PART 3160--ONSHORE OIL AND GAS OPERATIONS--Table of Contents
 
  Subpart 3162--Requirements for Operating Rights Owners and Operators
 
Sec. 3162.2-8  Does my responsibility for drainage protection end when I assign or transfer my lease interest?

    If you assign your record title interest in a lease or transfer your 
operating rights, you are not liable for drainage that occurs after the 
date we approve the assignment or transfer. However, you remain 
responsible for the payment of compensatory royalties for any drainage 
that occurred when you held the lease interest.

[66 FR 1893, Jan. 10, 2001]