Notice of Proposed Reinstatement of Terminated Oil and Gas Lease

AGENCY:

Bureau of Land Management, Interior.

ACTION:

Notice of Proposed Reinstatement of Terminated Oil and Gas Lease.

SUMMARY:

Under the provisions of 30 U.S.C. 188(d) and (e), and 43 CFR 3108.2-3(a) and (b)(1), the Bureau of Land Management (BLM) received a petition for reinstatement from Wold Oil Properties, Inc. of competitive oil and gas lease WYW144595 for lands in Fremont County, Wyoming. The petition was filed on time and was accompanied by all the rentals due since the date the lease terminated under the law.

FOR FURTHER INFORMATION CONTACT:

Bureau of Land Management, Pamela J. Lewis, Chief, Branch of Fluid Minerals Adjudication, at (307) 775-6176.

SUPPLEMENTARY INFORMATION:

The lessees have agreed to the amended lease terms for rentals and royalties at rates of $20.00 per acre or fraction thereof, per year and 182/3 percent, respectively. The lessees have paid the required $500 administrative fee and $166 to reimburse the Department for the cost of this Federal Register notice. The lessees have met all the requirements for reinstatement of the lease as set out in Section 31(d) and (e) of the Mineral Lands Leasing Act of 1920 (30 U.S.C. 188), and the Bureau of Land Management is proposing to reinstate lease WYW144595 effective April 1, 2005, under the original terms and conditions of the lease and the increased rental and royalty rates cited above.

BLM has not issued a valid lease affecting the lands.