[Code of Federal Regulations]
[Title 43, Volume 2]
[Revised as of October 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 43CFR3133.1]

[Page 378]
 
                    TITLE 43--PUBLIC LANDS: INTERIOR
 
    CHAPTER II--BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR
 
PART 3130_OIL AND GAS LEASING: NATIONAL PETROLEUM RESERVE, ALASKA--Table 
of Contents
 
                   Subpart 3133_Rentals and Royalties
 
Sec. 3133.1  Rentals.


    (a) An annual rental shall be due and payable at the rate prescribed 
in the notice of sale and the lease, but in no event shall such rental 
be less than $3 per acre, or fraction thereof. Payment shall be made on 
or before the first day of each lease year prior to discovery of oil or 
gas on the lease.
    (b) If there is no actual or allocated production on the portion of 
a lease that has been segregated from a producing lease, the owner of 
such segregated lease shall pay an annual rental for such segregated 
portion at the rate per acre specified in the original lease. This 
rental shall be payable each lease year following the year in which the 
segregation became effective and prior to discovery of oil or gas on 
such segregated portion.
    (c) Annual rental paid in any year prior to discovery of oil or gas 
on the lease shall be in addition to, and shall not be credited against, 
any royalties due from production.

[46 FR 55497, Nov. 9, 1981, as amended at 53 FR 17358, May 16, 1988]