43 CFR 3137.92 Production information (regulations)

WAIS Document Retrieval[Code of Federal Regulations]
[Title 43, Volume 2]
[Revised as of October 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 43CFR3137.92]

[Page 404-405]

TITLE 43--PUBLIC LANDS: INTERIOR

CHAPTER II--BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR

PART 3130_OIL AND GAS LEASING: NATIONAL PETROLEUM RESERVE, ALASKA--
Table of Contents

Subpart 3137_Unitization Agreements_National Petroleum Reserve-Alaska

Sec. 3137.92 When does a participating area terminate?

(a) After contraction under Sec. 3137.76 of this subpart, a
participating area terminates 60 calendar days after BLM notifies you
that there is insufficient

[[Page 405]]

production to meet the operating costs of that production, unless you
show that within 60 calendar days after BLM's notification--
(1) Your operations to restore or establish new production are in
progress; and
(2) You are diligently pursuing oil or gas production.
(b) If you demonstrate to BLM that reasons beyond your control
prevent you, despite reasonable diligence, from meeting the requirements
in paragraphs (a)(1) and (a)(2) of this section within 60 calendar days
after BLM notifies you that there is insufficient production to meet the
operating costs of that production, BLM will extend the period of time
to start those operations.

Production Allocation