[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: 43CFR3135.1-4]

[Page 380-381]
 
                    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 3135_Transfers, Extensions, Consolidations, and Suspensions
 
Sec. 3135.1-4  Effect of transfer of a tract.

    (a) When a transfer is made of all the record title to a portion of 
the acreage in a lease, the transferred and retained portions are 
divided into separate and

[[Page 381]]

distinct leases. Transfers shall not be made for less than a compact 
tract of not less than 640 acres nor shall less than a compact tract of 
not less than 640 acres be retained.
    (b) Each segregated lease shall continue in full force and effect 
for the primary term of the original lease and so long thereafter as oil 
or gas is produced in paying quantities from that segregated portion of 
the lease area or so long as drilling or well reworking operations, 
either actual or constructive, as approved by the Secretary, are 
conducted thereon.

[46 FR 55497, Nov. 9, 1981, as amended at 53 FR 17359, May 16, 1988]