Bureau of Land Management, Interior.
Per 30 U.S.C. 188(d), the lessee timely filed a petition for reinstatement of oil and gas lease MTM 93052, Pondera County, Montana. The lessee paid the required rental accruing from the date of termination.
No leases were issued that affect these lands. The lessee agrees to new lease terms for rentals and royalties of $10 per acre and 162/3 percent or 4 percentages above the existing competitive royalty rate. The lessee paid the $500 administration fee for the reinstatement of the lease and $155 cost for publishing this Notice.
The lessee met the requirements for reinstatement of the lease per Section 31(d) and (e) of the Mineral Leasing Act of 1920 (30 U.S.C. 188). We are proposing to reinstate the lease, effective January 1, 2005 subject to:
- The original terms and conditions of the lease;
- The increased rental of $10 per acre;
- The increased royalty of 162/3 percent or 4 percentages above the existing competitive royalty rate; and
- The $155 cost of publishing this Notice
FOR FURTHER INFORMATION CONTACT:
Karen L. Johnson, Chief, Fluids Adjudication Section, BLM Montana State Office, PO Box 36800, Billings, Montana 59107, 406-896-5098.Start Signature
Dated: March 17, 2005.
Karen L. Johnson,
Chief, Fluids Adjudication Section.
[FR Doc. 05-7959 Filed 4-20-05; 8:45 am]
BILLING CODE 4310-$$-P