43 CFR 3107.53
§ 3107.53 Undeveloped parts of producing leases.
United States · 43 CFR — Public Lands: Interior · Status: effective
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- Citation
- 43 CFR 3107.53, § 3107.53 Undeveloped parts of producing leases, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/211849
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Full text
Undeveloped parts of leases retained or assigned out of leases which are extended by production, actual or suspended, or the payment of compensatory royalty will continue in effect for 2 years after the effective date of assignment and for so long thereafter as oil or gas is produced in paying quantities.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.