43 CFR 3207.5
§ 3207.5 What terms (time periods) apply to my lease?
United States · 43 CFR — Public Lands: Interior · Status: effective
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- Citation
- 43 CFR 3207.5, § 3207.5 What terms (time periods) apply to my lease?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/212505
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Full text
Your lease may include a number of different time periods. Not every time period applies to every lease. These periods include:
(a) A primary term consisting of:
(1) Ten years;
(2) An initial extension of the primary term for up to 5 years;
(3) An additional extension of the primary term for up to 5 years;
(b) A drilling extension of 5 years under § 3207.14;
(c) A production extension of up to 35 years; and
(d) A renewal period of up to 55 years.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.