30 CFR 256.72 - Compensatory payments as production.

Regulations last checked for updates: May 17, 2024

Title 30 - Mineral Resources last revised: May 15, 2024

View all text of Subpart B [§ 256.70 - § 256.73]

§ 256.72 - Compensatory payments as production.

If an oil and gas lessee makes compensatory payments and if the lease is not being maintained in force by other production of oil or gas in paying quantities or by other approved drilling or reworking operations, such payments shall be considered as the equivalent of production in paying quantities for all purposes of the lease.

authority: 31 U.S.C. 9701,42.S.C. 6213, 43 U.S.C. 1334,Pub. L. 109-432

source: 76 FR 64462, Oct. 18, 2011, unless otherwise noted.

cite as: 30 CFR 256.72