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Current as of January 02, 2025 | Updated by Findlaw Staff
(a) The following acreage shall not be included in computing accountable acreage:
(1) Acreage under any lease any portion of which is committed to any Federally approved unit or cooperative plan or communitization agreement;
(2) Acreage under any lease for which royalty (including compensatory royalty or royalty in-kind) was paid in the preceding calendar year; and
(3) Acreage under leases subject to an operating, drilling or development contract approved by the Secretary.
(b) Acreage subject to offers to lease, overriding royalties and payments out of production shall not be included in computing accountable acreage.
Cite this article: FindLaw.com - Code of Federal Regulations Title 43. Public Lands: Interior § 43.3101.2–3 Excepted acreage - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-43-public-lands-interior/cfr-sect-43-3101-2-3/
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