1. Regulations
  2. title 43
  3. chapter II
  4. part 3140
  5. subpart 3141
  6. subjgrp 138
  7. § 3141.52

View all text of Subjgrp 138 [§ 3141.51 - § 3141.55]

§ 3141.52 - Term of lease.

(a) Oil and gas leases in special tar sand areas will have a primary term of 10 years and will remain in effect so long thereafter as oil or gas is produced in paying quantities.

(b) Tar Sand leases will have a primary term of 10 years and will remain in effect so long thereafter as tar sand is produced in paying quantities.

AUTHORITY: 30 U.S.C. 181

SOURCE: 89 FR 30988, Apr. 23, 2024, unless otherwise noted.

CITE AS: 43 CFR 3141.52