§ 581.46. Relinquishment of leases or parts of leases.
105 words·~1 min read·
/us/cfr/t30/s§ 581.46·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)A lease or any part thereof may be surrendered by the record title holder by filing a written relinquishment with the Director. A relinquishment shall take effect on the date it is filed subject to the continued obligation of the lessee and the surety to:
(1)Make all payments due, including any accrued rentals and royalties; and
(2)Abandon all operations, remove all facilities, and clear the land to be relinquished to the satisfaction of the Director.
(b)Upon relinquishment of a lease, the data and information submitted under the lease will no longer be held confidential and will be available to the public.