Under the provisions of Public Law 97-451, a petition for reinstatement of oil and gas lease TXNM 100592 for lands in Wise County, Texas, was timely filed and was accompanied by all required rentals and royalties accruing from April 1, 2000, the date of termination.
No valid lease has been issued affecting the lands. The lessee has agreed to new lease terms for rentals and royalties at rates of $5.00 per acre or fraction thereof and 162/3 percent, respectively. The lessee has paid the required $500 administrative fee and has reimbursed the Bureau of Land Management for the cost of this Federal Register notice.
The Lessee has met all the requirements for reinstatement of the lease as set out in Sections 31 (d) and (e) of the Mineral Leasing Act of 1920 (30 U.S.C. 188), and the Bureau of Land Management is proposing to reinstate the lease effective April 1, 2000, subject to the original terms and conditions of the lease and the increased rental and royalty rates cited above.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Gloria S. Baca, Bureau of Land Management, New Mexico State Office, (505) 438-7566.Start Signature
Dated: September 14, 2000.
Gloria S. Baca,
Land Law Examiner.
[FR Doc. 00-24686 Filed 9-25-00; 8:45 am]
BILLING CODE 4310-FB-M