[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: 43CFR3162.2-8]



[Page 431]

 

                    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.  3162.2-8  Does my responsibility for drainage protection end when I assign or transfer my lease interest?



    If you assign your record title interest in a lease or transfer your 

operating rights, you are not liable for drainage that occurs after the 

date we approve the assignment or transfer. However, you remain 

responsible for the payment of compensatory royalties for any drainage 

that occurred when you held the lease interest.



[66 FR 1893, Jan. 10, 2001]