43 CFR 3162.2-8
§ 3162.2-8 Does my responsibility for drainage protection end when I assign or transfer my lease interest?
United States · 43 CFR — Public Lands: Interior · Status: effective
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- Citation
- 43 CFR 3162.2-8, § 3162.2-8 Does my responsibility for drainage protection end when I assign or transfer my lease interest?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/212108
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.