[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: 43CFR3135.8]



[Page 394]

 

                    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.  3135.8  If BLM requires a suspension or grants my request for a suspension of operations and production for my lease, when must I next pay advance annual 

          rental, royalty, or minimum royalty?



    (a) You are not required to submit your next rental or minimum 

royalty payment until the date the suspension terminates. Therefore, if 

your suspension begins in month 3 of lease year A and ends in month 2 of 

lease year B, you must submit your rental payment for lease year B when 

your suspension ends. BLM will send a written notice to the lessee and 

operator stating that the suspension is terminated and the date your 

rental payment for lease year B is due to MMS. BLM's notice also will 

state when you must pay any minimum royalty due for lease year A. Your 

minimum royalty for lease year B will be due at the end of that year.

    (b) If you remove or sell any production from the lease during the 

term of the suspension, you must pay royalty on that production.



[67 FR 17886, Apr. 11, 2002]