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Code of Federal Regulations Title 30. Mineral Resources § 30.550.183 When may BOEM or the Secretary extend or cancel a lease at the development and production stage?

Current as of January 02, 2025 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 30. Mineral Resources § 30.550.183 When may BOEM or the Secretary extend or cancel a lease at the development and production stage? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-30-mineral-resources/cfr-sect-30-550-183/

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