43 CFR 3137.131
§ 3137.131 What happens if the unit terminated before the unit operator met the initial development obligations?
United States · 43 CFR — Public Lands: Interior · Status: effective
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- Citation
- 43 CFR 3137.131, § 3137.131 What happens if the unit terminated before the unit operator met the initial development obligations?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/212000
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Full text
If the unit terminated before the unit operator met the initial development obligations, BLM's approval of the unit agreement is revoked. You, as lessee, forfeit all further benefits, including extensions and suspensions, granted any NPR-A lease because of having been committed to the unit. Any lease that the BLM extended because of being committed to the unit would expire unless it had been granted an extension or renewal under § 3135.1-5 or § 3135.1-6.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.