§1207.4. Contracts made pursuant to old form leases.
30 C.F.R. § 1207.4
Old form leases are those containing provisions prohibiting sales or disposal of oil, gas, natural gasoline, and other products of the lease except in accordance with a contract or other arrangement approved by the Secretary of the Interior, or by the Director of the Bureau of Ocean Energy Management (BOEM) or his/her representative. A contract or agreement made pursuant to an old form lease may be made without obtaining approval if the contract or agreement contains either the substance of or is accompanied by the stipulation set forth in paragraph (b) of this section, signed by the seller (lessee or operator).
The stipulation, the substance of which must be included in the contract, or be made the subject matter of a separate instrument properly identifying the leases affected thereby, is as follows:
Notes, amendments, and revision history
Amendments
[53 FR 1225, Jan. 15, 1988, as amended at 78 FR 30204, May 22, 2013]
Authority
Authority: 5 U.S.C. 301 et seq. ; 25 U.S.C. 396 et seq.; 25 U.S.C. 396a et seq. ; 25 U.S.C. 2101 et seq.; 30 U.S.C. 181 et seq.; 30 U.S.C. 351 et seq.; 30 U.S.C. 1001 et seq.; 30 U.S.C. 1701 et seq.; 31 U.S.C. 3716 et seq.; 31 U.S.C. 9701; 43 U.S.C. 1301 et seq.; 43 U.S.C. 1331 et seq.; and 43 U.S.C. 1801 et seq.
Source
Source: 53 FR 1225, Jan. 15, 1988, unless otherwise noted. Redesignated at 75 FR 61080, Oct. 4, 2010.
Amendments
[53 FR 1225, Jan. 15, 1988, as amended at 78 FR 30204, May 22, 2013]