[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: 43CFR3133.2-1]



[Page 390]

 

                    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.  3133.2-1  Minimum royalties.



    For leases which provide for minimum royalty payments, each lessee 

shall pay the minimum royalty specified in the lease at the end of each 

lease year beginning with the first lease year following a discovery on 

the lease.



[46 FR 55497, Nov. 9, 1981, as amended at 53 FR 17358, May 16, 1988]