oil-gas-leasing · Bureau of Land Management · Published 1996-10-30 · Effective 1996-11-29 · 61 FR 55887
Document
Document number
96-27782
Federal Register citation
61 FR 55887
CFR reference
30 CFR 256
Type
Rule
Action
Final rule.
Category
oil-gas-leasing
Sub-agency
Bureau of Land Management
Publication date
1996-10-30
Effective date
1996-11-29
Abstract
This rule amends the regulations governing the term for certain leases on the Outer Continental Shelf (OCS) based on water depth. This rule changes the current depth margins for 8-year leases from 400 to 900 meters to 400 to 800 meters while retaining the mandatory 5-year drilling requirement for all 8-year leases. The amendment allows the Minerals Management Service (MMS) to set lease terms of 8 to 10 years in water depths ranging from 800 to 900 meters. The intended effect of this rule is to simplify administration of OCS leases for the MMS and the lessees.