§556.601. How may I maintain my oil and gas lease beyond the primary term?
30 C.F.R. § 556.601
You may maintain your oil and gas lease beyond the expiration of the primary term as long as:
You are producing oil or gas in paying quantities;
You are conducting approved drilling or well reworking operations with the objective of establishing production in paying quantities, in accordance with 30 CFR 250.180;
You are producing from, or drilling or reworking, an approved well adjacent to or adjoining your lease that extends directionally into your lease in accordance with 30 CFR 256.71;
You make compensatory payments on your lease in accordance with 30 CFR 256.72;
Your lease is included in a BSEE-approved unit, in accordance with 30 CFR part 250, subpart M; or
Your lease is subject to a suspension of production or a suspension of operations, in accordance with 30 CFR 250.168 through 250.180, for reasons other than gross negligence or a willful violation of a provision of your lease or any governing regulations.
Notes, amendments, and revision history
Authority
Authority: 31 U.S.C. 9701; 42 U.S.C. 6213; 43 U.S.C. 1334.
Source
Source: 81 FR 18152, Mar. 30, 2016, unless otherwise noted.