[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: 43CFR3141.6-3]



[Page 417]

 

                    TITLE 43--PUBLIC LANDS: INTERIOR

 

    CHAPTER II--BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR

 

PART 3140_LEASING IN SPECIAL TAR SAND AREAS--Table of Contents

 

             Subpart 3141_Leasing in Special Tar Sand Areas

 

Sec.  3141.6-3  Conduct of sales.



    (a) Combined Hydrocarbon Leases. (1) Competitive sales shall be 

conducted by the submission of written sealed bids.

    (2) Minimum bids shall be not less than $25 per acre.

    (3) In the event that only 1 sealed bid is received and it is equal 

to or greater than the minimum bid, that bid shall be considered the 

highest bid.

    (4) The authorized officer may reject any or all bids.

    (5) The authorized officer may waive minor deficiencies in the bids 

or the lease sale advertisement.

    (6) A bid deposit of one-fifth of the amount of the sealed bid shall 

be required and shall accompany the sealed bid. All bid deposits shall 

be in the form of either a certified check, money order, bank cashier's 

check or cash.

    (b) Oil and Gas Leases. Lease sales for oil and gas leases will be 

conducted using the procedures for oil and gas leases in Sec.  3120.5 of 

this title.

    (c) Tar Sand Leases. (1) Parcels shall be offered by oral bidding.

    (2) The winning bid shall be the highest oral bid by a qualified 

bidder, equal to or exceeding $2.00 per acre.

    (3) Payments shall be made as provided in Sec.  3120.5-2 of this 

title.



[48 FR 7422, Feb. 18, 1983, as amended at 70 FR 58616, Oct. 7, 2005]