Code of Federal Regulations · Section
§ 3105.32 — Purpose
43 C.F.R. § 3105.32
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Approval of operating, drilling or development contracts will be granted only to permit operators or pipeline companies to enter into contracts with a number of lessees sufficient to justify operations on a scale large enough to justify the discovery, development, production or transportation of oil or gas and to finance the same.
Authorizing Statute
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Definitions42 U.S.C. § 15801
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Congressional declaration of policy43 U.S.C. § 1701