AGENCY:
Bureau of Land Management, Interior.
ACTION:
Notice of Proposed Reinstatement of Terminated Oil and Gas Lease.
SUMMARY:
Pursuant to the provisions of 30 U.S.C. 188(d) and (e), and 43 CFR 3108.2-3(a) and (b), the Bureau of Land Management (BLM) received a petition for reinstatement from Bright Sky Energy & Minerals, Inc., for noncompetitive oil and gas lease NVN-086605 on land in Nye County, Nevada. The petition was timely filed and was accompanied by all the rentals due since the lease terminated under the law. No valid lease has been issued affecting the lands.
SUPPLEMENTARY INFORMATION:
The lessee has agreed to the amended lease terms for rental and royalty at the rate of $5 per acre or fraction thereof per year and 16
2/3
percent, respectively. The lessee has paid the required $500 administrative fee and has reimbursed the Department for the cost of this
Federal Register
notice. The lessee has met all of the requirements for reinstatement of the lease as set out in Section 31(d) and (e) of the Mineral Leasing Act of 1920 (30 U.S.C. 188), and the BLM is proposing to reinstate the lease effective February 1, 2011 under the original terms and conditions of the lease and the increased rental and royalty rates cited above. The BLM has not issued a lease affecting the lands encumbered by the lease to any other interest in the interim.
43 CFR 3108.2-3(a).
Gary Johnson,
Deputy State Director, Minerals Management.