43 C.F.R. § 3216.12

Current through September 30, 2024
Section 3216.12 - When does a transferee take responsibility for lease obligations?

After BLM approves your transfer, the transferee is responsible for performing all lease obligations accruing after the date of the transfer, and for plugging and abandoning wells which exist and are not plugged and abandoned at the time of the transfer.

43 C.F.R. § 3216.12