[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: 43CFR3136.1]



[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 3136_Relinquishments, Terminations and Cancellations of Leases

 

Sec.  3136.1  Relinquishment of leases or parts of leases.





    A lease may be surrendered in whole or in part by the lessee by 

filing a written relinquishment, in triplicate, with the Alaska State 

Office of the Bureau. No filing fee is required. In the case of partial 

relinquishments, neither the relinquished lands nor the retained lands 

shall be less than a compact tract of not less than 640 acres. A 

relinquishment shall take effect on the date it is filed subject to the 

continued obligation of lessee and the surety to make all payments due, 

including any accrued rental, royalties and deferred bonuses and to 

abandon all wells, and condition or remove other facilities on the lands 

to be relinquished to the satisfaction of the authorized officer.



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