[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: 43CFR3133.3]

[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. 3133.3  Under what circumstances will BLM waive, suspend, or reduce 
the rental, royalty, or minimum royalty on my NPR-A lease?

    (a) BLM will waive, suspend, or reduce the rental, royalty, or 
minimum royalty of your lease if BLM finds that--
    (1) It encourages the greatest ultimate recovery of oil or gas or it 
is in the interest of conservation; and
    (2) You can't successfully operate the lease under its terms. This 
means that your cost to operate the lease exceeds income from the lease.
    (b) If the subsurface estate is held by a regional corporation, BLM 
will consult with the regional corporation, in accordance with 43 CFR 
2650.4-3, before approving an action under this section. Regional 
corporation is defined in 43 U.S.C. 1602.

[67 FR 17885, Apr. 11, 2002]