[Code of Federal Regulations]

[Title 43, Volume 2]

[Revised as of October 1, 2006]

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

[CITE: 43CFR3101.2-3]



[Page 337]

 

                    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.  3101.2-3  Excepted acreage.



    (a) The following acreage shall not be included in computing 

accountable acreage:

    (1) Acreage under any lease any portion of which is committed to any 

Federally approved unit or cooperative plan or communitization 

agreement;

    (2) Acreage under any lease for which royalty (including 

compensatory royalty or royalty in-kind) was paid in the preceding 

calendar year; and

    (3) Acreage under leases subject to an operating, drilling or 

development contract approved by the Secretary.

    (b) Acreage subject to offers to lease, overriding royalties and 

payments out of production shall not be included in computing 

accountable acreage.



[48 FR 33662, July 22, 1983, as amended at 53 FR 17352, May 16, 1988; 71 

FR 14823, Mar. 24, 2006]