[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: 98-6543]


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DEPARTMENT OF THE INTERIOR

Bureau of Land Management
[NM-930-1310-01; NMNM 69163]


New Mexico: Proposed Reinstatement of Terminated Oil and Gas 
Lease

    Under the provisions of Public Law 97-451, a petition for 
reinstatement of oil and gas lease NMNM 69163 for lands in Eddy County, 
New Mexico, was timely filed and was accompanied by all required 
rentals and royalties accruing from October 1, 1997, the date of 
termination.
    No valid lease has been issued affecting the lands. The lessee has 
agreed to new lease terms for rentals and royalties at rates of $5.00 
per acre or fraction thereof and 16\2/3\ percent, respectively. The 
lessee has paid the required $500 administrative fee and has reimbursed 
the Bureau of Land Management for the cost of this Federal Register 
notice.
    The lessee has met all the requirements for reinstatement of the 
lease as set out in Sections 31(d) and (e) of the Mineral Leasing Act 
of 1920 (30 U.S.C. 188), and the Bureau of Land Management is proposing 
to reinstate the lease effective October 1, 1997, subject to the 
original terms and conditions of the lease and the increased rental and 
royalty rates cited above.
    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. 98-6543 Filed 3-12-98; 8:45 am]
BILLING CODE 4310-FB-M