[Code of Federal Regulations]

[Title 43, Volume 2]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 43CFR3101.2-4]



[Page 335]

 

                    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. 3101.2-4  Excess acreage.



    (a) Where, as the result of the termination or contraction of a unit 

or cooperative plan, the elimination of a lease from an operating, 

drilling or development contract a party holds or controls excess 

accountable acreage, said party shall have 90 days from that date to 

reduce the holdings to the prescribed limitation and to file proof of 

the reduction in the proper BLM office. Where as a result of a merger or 

the purchase of the controlling interest in a corporation, acreage in 

excess of the amount permitted is acquired, the party holding the excess 

acreage shall have 180 days from the date of the merger or purchase to 

divest the excess acreage. If additional time is required to complete 

the divestiture of the excess acreage, a petition requesting additional 

time, along with a full justification for the additional time, may be 

filed with the authorized officer prior to the termination of the 180-

day period provided herein.

    (b) If any person or entity is found to hold accountable acreage in 

violation of the provisions of these regulations, lease(s) or interests 

therein shall be subject to cancellation or forfeiture in their 

entirety, until sufficient acreage has been eliminated to comply with 

the acreage limitation. Excess acreage or interest shall be cancelled in 

the inverse order of acquisition.



[48 FR 33662, July 22, 1983, as amended at 53 FR 17353, May 16, 1988]