[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: 43CFR3135.1-2]



[Page 391-392]

 

                    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.  3135.1-2  Requirements for filing of transfers.



    (a)(1) All instruments of transfer of lease or of an interest 

therein, including operating rights, subleases and assignments of 

record-title shall be filed



[[Page 392]]



in triplicate for approval. Such instruments shall be filed within 90 

days from the date of final execution. The instruments of transfer shall 

include a statement, over the transferee's own signature, with respect 

to citizenship and qualifications as required of a bidder under Sec.  

3132.4 of this title and shall contain all of the terms and conditions 

agreed upon by the parties thereto. Carried working interests, 

overriding royalty interests or payments out of production or other 

interest may be created or transferred without approval.

    (2) An application for approval of any instrument that the 

regulations require you to file must include the processing fee for 

assignments and transfers found in the fee schedule in Sec.  3000.12 of 

this chapter. Any document that the regulations in this part do not 

require you to file, but that you submit for record purposes, must also 

include the processing fee for assignments and transfers found in the 

fee schedule in Sec.  3000.12 of this chapter for each lease affected. 

Such documents may be rejected by the authorized officer.

    (b) An attorney-in-fact, on behalf of the holder of a lease, 

operating rights or sublease, shall furnish evidence of authority to 

execute the transfer or application for approval and the statement 

required by Sec.  3132.5(g) of this title.

    (c) Where a transfer of record title creates separate leases, a bond 

shall be furnished covering the transferred lands in the amount 

prescribed in Sec.  3134.1 of this title. Where a transfer does not 

create separate leases, the transferee, if the transfer so provides and 

the surety consents, may become co-principal on the bond with the 

transferor.



[46 FR 55497, Nov. 9, 1981, as amended at 53 FR 17359, May 16, 1988; 70 

FR 58875, Oct. 7, 2005]