[Federal Register Volume 70, Number 83 (Monday, May 2, 2005)]
[Notices]
[Page 22686]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-8631]


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DEPARTMENT OF THE INTERIOR

Bureau of Land Management

[WY-920-1310-01; WYW145706]


Notice of Proposed Reinstatement of Terminated Oil and Gas Lease

AGENCY: Bureau of Land Management, Interior.

ACTION: Notice of proposed reinstatement and rental/royalty reduction 
of terminated oil and gas lease.

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SUMMARY: Under the provisions of 30 U.S.C. 188(d) and (e), and 43 CFR 
3108.2-3(a), the Bureau of Land Management (BLM) received a petition 
for reinstatement of oil and gas lease WYW145706 for lands in Big Horn 
County, Wyoming. The petition was filed on time, was accompanied by all 
the rentals due since the date the lease terminated and, in accordance 
with 30 U.S.C. 188(i)(2) and 43 CFR 3108.2-3(f) included a request for 
reduced rental and royalty.

FOR FURTHER INFORMATION CONTACT: Bureau of Land Management, Pamela J. 
Lewis, Chief, Fluid Minerals Adjudication, at (307) 775-6176.

SUPPLEMENTARY INFORMATION: The lessee has agreed to the amended lease 
terms for rental and royalty at rates of $10.00 per acre or fraction of 
an acre per year and 16\2/3\ percent, respectively. However, this 
office is of the opinion that the lessees request for reduced rental 
and royalty rates contains sufficient evidence to determine that in the 
absence of granting a reduction of the rental and royalty rates to that 
of the original lease terms, undue economic hardship will occur and 
that it is equitable to do so. Therefore, upon reinstatement the rental 
and royalty rates for lease WYW145706 will remain at $2.00 per acre or 
fraction of an acre per year and 12\1/2\ percent, respectively. The 
lessee has paid the required $500 administrative fee and $166 to 
reimburse the Department for the cost of this Federal Register notice. 
The lessee has met all the requirements for reinstatement of the lease 
as set out in Section 31(d) and (e) of the Mineral Lands Leasing Act of 
1920 (30 U.S.C. 188), and the Bureau of Land Management is proposing to 
reinstate lease WYW145706 effective August 1, 2003, under the original 
terms and conditions of the lease, rates cited above. BLM has not 
issued a valid lease affecting the lands.

Pamela J. Lewis,
Chief, Fluid Minerals Adjudication.
[FR Doc. 05-8631 Filed 4-29-05; 8:45 am]
BILLING CODE 4310-22-P