§3105.32. Purpose.
43 C.F.R. § 3105.32
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.
Notes, amendments, and revision history
Authority
Authority: 25 U.S.C. 396d and 2107; 30 U.S.C. 189, 306, 359, and 1751; 43 U.S.C. 1701 et seq.; and 42 U.S.C. 15801.
Source
Source: 89 FR 30966, Apr. 23, 2024, unless otherwise noted.