30 CFR 550.183 - When may BOEM or the Secretary extend or cancel a lease at the development and production stage?

Regulations last checked for updates: May 18, 2024

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

View all text of Subpart A [§ 550.101 - § 550.199]

§ 550.183 - When may BOEM or the Secretary extend or cancel a lease at the development and production stage?

(a) BOEM may extend your lease if you submit a DPP and the Regional Supervisor disapproves the plan according to the regulations in 30 CFR part 550, subpart B. Following the disapproval:

(1) BOEM will allow you to hold the lease for 5 years, or less time at your request;

(2) Any time within 5 years after the disapproval, you may reapply for approval of the same or a modified plan; and

(3) The Regional Supervisor will approve, disapprove, or require modification of the plan under 30 CFR part 550, subpart B.

(b) If the Regional Supervisor has not approved a DPP or required you to submit a DPP for approval or modification, the Secretary will cancel the lease:

(1) When the 5-year period in paragraph (a)(1) of this section expires; or

(2) If you request cancellation at an earlier time.

authority: 30 U.S.C. 1751; 31 U.S.C. 9701; 43 U.S.C. 1334.

source: 76 FR 64623, Oct. 18, 2011, unless otherwise noted.

cite as: 30 CFR 550.183