[Federal Register Volume 68, Number 8 (Monday, January 13, 2003)]
[Notices]
[Page 1633]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-593]


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DEPARTMENT OF THE INTERIOR

Bureau of Land Management

[NM-930-1310-01; NMNM 105874]


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 105874 for lands in Eddy 
County, New Mexico, was timely filed and was accompanied by all 
required rentals and royalties accruing from March 1, 2002, 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 $10.00 
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 March 1, 2002, subject to 
the original terms and conditions of the lease and the increased rental 
and royalty rates cited above.

FOR FURTHER INFORMATION CONTACT: Lourdes B. Ortiz, BLM, New Mexico 
State Office, (505) 438-7586.

    Dated: November 22, 2002.
Lourdes B. Ortiz,
Land Law Examiner.
[FR Doc. 03-593 Filed 1-10-03; 8:45 am]
BILLING CODE 4310-FB-P