43 C.F.R. · Public Lands: Interior
43 C.F.R. § 3207.5

What terms (time periods) apply to my lease?

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

43 C.F.R. § 3207.5 — What terms (time periods) apply to my lease?

§ 3207.5 What terms (time periods) apply to my lease? Your lease may include a number of different time periods. Not every time period applies to every lease. These periods include: (a) A primary term consisting of: (1) Ten years; (2) An initial extension of the primary term for up to 5 years; (3) An additional extension of the primary term for up to 5 years; (b) A drilling extension of 5 years under § 3207.14; (c) A production extension of up to 35 years; and (d) A renewal period of up to 55 years.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR43-SEC-9B13C5
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boisestandard.org
Citation
43 C.F.R. § 3207.5
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The regulatory text of 43 C.F.R. § 3207.5 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. § 3207.5