[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: 43CFR3101.2-5]



[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. 3101.2-5  Computation.



    The accountable acreage of a party owning an undivided interest in a 

lease shall be the party's proportionate part of the total lease 

acreage. The accountable acreage of a party who is the beneficial owner 

of more than 10 percent of the stock of a corporation which holds 

Federal oil and gas leases shall be the party's proportionate part of 

the corporation's accountable acreage. Parties to a contract for 

development of leased lands and co-parties, except those operating, 

drilling or development contracts subject to Sec. 3101.2-3 of this 

title, shall be charged with their proportionate interests in the lease. 

No holding of acreage in common by the same persons in excess of the 

maximum acreage specified in the laws for any one party shall be 

permitted.



[48 FR 33662, July 22, 1983, as amended at 49 FR 2113, Jan. 18, 1984; 53 

FR 17353, May 16, 1988]