Code of Federal Regulations · Section

§ 3107.53 — Undeveloped Parts Of Producing Leases

43 C.F.R. § 3107.53

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Undeveloped parts of leases retained or assigned out of leases which are extended by production, actual or suspended, or the payment of compensatory royalty will continue in effect for 2 years after the effective date of assignment and for so long thereafter as oil or gas is produced in paying quantities.

43 C.F.R. § 3107.52 43 C.F.R. § 3107.60

Authorizing Statute

Definitions
42 U.S.C. § 15801
Rules and regulations; boundary lines; State rights unaffected; taxation
30 U.S.C. § 189
Rules and regulations governing operations; limitations on oil or gas leases
25 U.S.C. § 396d
Congressional declaration of policy
43 U.S.C. § 1701