43 C.F.R. · Public Lands: Interior
43 C.F.R. § 3162.2.8

Does my responsibility for drainage protection end when I assign or transfer my lease interest?

Title 43 C.F.R. ● ACTIVE Primary Source
Regulatory Text

43 C.F.R. § 3162.2.8 — Does my responsibility for drainage protection end when I assign or transfer my lease interest?

§ 3162.2–8 Does my responsibility for drainage protection end when I assign or transfer my lease interest? If you assign your record title interest in a lease or transfer your operating rights, you are not liable for drainage that occurs after the date we approve the assignment or transfer. However, you remain responsible for the payment of compensatory royalties for any drainage that occurred when you held the lease interest. [66 FR 1893, Jan. 10, 2001]

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR43-SEC-C9358A
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boisestandard.org
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43 C.F.R. § 3162.2.8
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The regulatory text of 43 C.F.R. § 3162.2.8 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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boisestandard.org United States Law CFR Title 43 43 C.F.R. § 3162.2.8