1. Regulations
  2. title 43
  3. chapter II
  4. part 3100
  5. subpart 3105
  6. § 3105.5-4

View all text of Subpart 3105 [§ 3105.1 - § 3105.6]

§ 3105.5-4 - Extension of lease term.

Any lease used for the storage of oil or gas shall be extended for the period of storage under an approved agreement. The obligation to pay annual lease rent continues during the extended period.

AUTHORITY: 25 U.S.C. 396d and 2107; 30 U.S.C. 189, 306, 359 and 1751; 43 U.S.C. 1732(b), 1733, and 1740; and the Energy Policy Act of 2005 (Pub. L. 109-58).

SOURCE: 48 FR 33662, July 22, 1983, unless otherwise noted.

CITE AS: 43 CFR 3105.5-4