§ 556.601. How may I maintain my oil and gas lease beyond the primary term?
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/us/cfr/t30/s§ 556.601·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
You may maintain your oil and gas lease beyond the expiration of the primary term as long as:
(a)You are producing oil or gas in paying quantities;
(b)You are conducting approved drilling or well reworking operations with the objective of establishing production in paying quantities, in accordance with 30 CFR 250.180;
(c)You are producing from, or drilling or reworking, an approved well adjacent to or adjoining your lease that extends directionally into your lease in accordance with 30 CFR 256.71;
(d)You make compensatory payments on your lease in accordance with 30 CFR 256.72;
(e)Your lease is included in a BSEE-approved unit, in accordance with 30 CFR part 250, subpart M; or
(f)Your lease is subject to a suspension of production or a suspension of operations, in accordance with 30 CFR 250.168 through 250.180, for reasons other than gross negligence or a willful violation of a provision of your lease or any governing regulations.
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- 30 CFR 250
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§ 556.601
How may I maintain my oil and gas lease beyond the primary term?
Cite30 CFR 250
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