43 CFR 3162.2-13
§ 3162.2-13 If I acquire an interest in a lease that is being drained, will the Department assess me for compensatory royalty?
United States · 43 CFR — Public Lands: Interior · Status: effective
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- Citation
- 43 CFR 3162.2-13, § 3162.2-13 If I acquire an interest in a lease that is being drained, will the Department assess me for compensatory royalty?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/212113
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Full text
If you acquire an interest in a Federal or Indian lease through an assignment of record title or transfer of operating rights under this part, you are liable for all drainage obligations accruing on and after the date we approve the assignment or transfer.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.