30 U.S.C. § 1010 — Suspension of operations and production
submitted 56 years ago by Pub. L. 91-581 to r/title-30-MINERAL-LANDS-AND-MINING · 68 words · no verdicts yet
The Secretary may allow a lessee to suspend operations and production on a producing lease when the lessee applies. The Secretary may also suspend operations on any lease for conservation and may extend the lease and change rental or royalty requirements during the suspension.
At a lessee’s request, the Secretary may authorize the lessee to suspend operations and production on a producing lease. The Secretary may also suspend operations on any lease on the Secretary’s own initiative to conserve resources. In either situation, the Secretary may extend the lease term for the suspension period and may waive, suspend, or reduce the lease’s required rent or royalty.
The Secretary, upon application by the lessee, may authorize the lessee to suspend operations and production on a producing lease and he may, on his own motion, in the interest of conservation suspend operations on any lease but in either case he may extend the lease term for the period of any suspension, and he may waive, suspend, or reduce the rental or royalty required in such lease.
Source credit: (Pub. L. 91–581, § 11, Dec. 24, 1970, 84 Stat. 1570; Pub. L. 109–58, title II, § 236(11), Aug. 8, 2005, 119 Stat. 672.)
- 1970Enacted · Pub. L. 91-581 · 84 Stat. 1570
- 2005Amended · Pub. L. 109-58 · 119 Stat. 672
A history note hasn’t been published yet. The record shows enactment by Pub. L. 91-581 on 1970-12-24.
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