43 C.F.R. § 3141.5-2

Current through May 31, 2024
Section 3141.5-2 - Term of lease
(a) Combined hydrocarbon leases or oil and gas leases shall have a primary term of 10 years and shall remain in effect so long thereafter as oil or gas is produced in paying quantities.
(b) Tar Sand leases shall have a primary term of 10 years and shall remain in effect so long thereafter as tar sand is produced in paying quantities.

43 C.F.R. §3141.5-2

70 FR 58615, Oct. 7, 2005