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Code of Federal Regulations Title 43. Public Lands:  Interior § 43.3141.5–2 Term of lease

Current as of October 02, 2022 | Updated by FindLaw Staff

(a) Combined hydrocarbon leases or oil and gas leases shall have a primary term of 10 years and shall remain in effect so long thereafter as oil or gas is produced in paying quantities.

(b) Tar Sand leases shall have a primary term of 10 years and shall remain in effect so long thereafter as tar sand is produced in paying quantities.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 43. Public Lands:  Interior § 43.3141.5–2 Term of lease - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-43-public-lands-interior/cfr-sect-43-3141-5-2/

Read this complete Code of Federal Regulations Title 43. Public Lands:  Interior § 43.3141.5–2 Term of lease on Westlaw. Westlaw subscription required.

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