[Federal Register Volume 63, Number 49 (Friday, March 13, 1998)]
[Notices]
[Page 12501]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-6542]


-----------------------------------------------------------------------

DEPARTMENT OF THE INTERIOR

Bureau of Land Management
[NM-930-1310-01; NMNM 97890]


Notice of Proposed Reinstatement of Terminated Oil and Gas Lease; 
New Mexico

AGENCY: Bureau of Land Management, Interior.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: Under the provision of Public Law 97-451; a petition for 
reinstatement of Oil and Gas Lease NMNM 97890, Lea County, New Mexico, 
was timely filed and was accompanied by all required rentals and 
royalties accruing from December 1, 1997, the date of termination. No 
valid lease has been issued affecting the land. The lessee has agreed 
to new lease terms for rentals and royalties at rates of $10.00 per 
acre, or fraction thereof, and 16\2/3\ percent, respectively. Payment 
of a $500.00 administration fee has been made. Having met all the 
requirements for reinstatement of the lease as set in Section 31(d) and 
(e) of the Mineral Leasing Act of 1920, as amended (30 U.S.C. 188(d) 
and (e)), the Bureau of Land Management is proposing to reinstate the 
lease effective December 1, 1997, subject to the original terms and 
conditions of the lease and the increased rental and royalty rates 
cited above, and the reimbursement for cost of publication of this 
Notice.

FOR FURTHER INFORMATION CONTACT:
Becky C. Olivas, BLM, New Mexico State Office, (505) 438-7609.

    Dated: March 6, 1998.
Becky C. Olivas,
Land Law Examiner.
[FR Doc. 98-6542 Filed 3-12-98; 8:45 am]
BILLING CODE 4310-FB-M