§3137.131. What happens if the unit terminated before the unit operator met the initial development obligations?
43 C.F.R. § 3137.131
If the unit terminated before the unit operator met the initial development obligations, BLM's approval of the unit agreement is revoked. You, as lessee, forfeit all further benefits, including extensions and suspensions, granted any NPR-A lease because of having been committed to the unit. Any lease that the BLM extended because of being committed to the unit would expire unless it had been granted an extension or renewal under § 3135.1-5 or § 3135.1-6.
Notes, amendments, and revision history
Amendments
[67 FR 17886, Apr. 11, 2002, as amended at 73 FR 6444, Feb. 4, 2008]
Source
Source: 67 FR 17886, Apr. 11, 2002, unless otherwise noted.
Authority
Authority: 42 U.S.C. 6508, 43 U.S.C. 1733 and 1740.
Source
Source: 46 FR 55497, Nov. 9, 1981, unless otherwise noted.
Amendments
[67 FR 17886, Apr. 11, 2002, as amended at 73 FR 6444, Feb. 4, 2008]