---
kind: "section"
citation: "43 C.F.R. § 3141.63"
title: "43"
number: "3141.63"
heading: "Conduct of sales."
url: "https://uscodex.org/cfr/43/3141.63"
---

# §3141.63. Conduct of sales.

- (a) **Oil and gas leases.** Lease sales for oil and gas leases will be conducted using the procedures for oil and gas leases in [43 CFR 3120.60](/cfr/43/3120.60.md).
- (b) **Combined hydrocarbon leases and tar sand leases.**
  - (1) Parcels will be offered by competitive auction.
  - (2) The winning bid will be the highest bid by a responsible and qualified bidder, equal to the minimum bonus bid amount as specified in [§ 3103.1](/cfr/43/3103.1.md) of this chapter or for hydrocarbon leases, the minimum bonus bid amount determined under [§ 3141.51](/cfr/43/3141.51.md), whichever is larger.
  - (3) Payments must be made as provided in [43 CFR 3120.62](/cfr/43/3120.62.md).

## Notes

### Authority

Authority: 30 U.S.C. 181 et seq.; 30 U.S.C. 351-359; 43 U.S.C. 1701 et seq.; Pub. L. 97-78, 95 Stat. 1070; 42 U.S.C. 15801, unless otherwise noted.

### Source

Source: 89 FR 30988, Apr. 23, 2024, unless otherwise noted.