[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: 43CFR3162.2-13]



[Page 432]

 

                    TITLE 43--PUBLIC LANDS: INTERIOR

 

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

 

PART 3160_ONSHORE OIL AND GAS OPERATIONS--Table of Contents

 

   Subpart 3162_Requirements for Operating Rights Owners and Operators

 

Sec.  3162.2-13  If I acquire an interest in a lease that is being drained, will the Department assess me for compensatory royalty?



    If you acquire an interest in a Federal or Indian lease through an 

assignment of record title or transfer of operating rights under this 

part, you are liable for all drainage obligations accruing on and after 

the date we approve the assignment or transfer.



[66 FR 1894, Jan. 10, 2001]