Notice of Proposed Reinstatement of Terminated Oil and Gas Leases, Utah

AGENCY:

Bureau of Land Management, Interior.

ACTION:

Notice.

SUMMARY:

In accordance with Title IV of the Federal Oil and Gas Royalty Management Act (Pub. L. 97-451), Quaneco LLC timely filed a petition for reinstatement of oil and gas leases UTU79263, UTU79265, and UTU79266 for lands in Kane County, Utah, and it was accompanied by all required rentals and royalties accruing from May 1, 2007, the date of termination.

FOR FURTHER INFORMATION CONTACT:

Kent Hoffman, Deputy State Director, Division of Lands and Minerals at (801) 539-4080.

SUPPLEMENTARY INFORMATION:

The Lessee has agreed to new lease terms for rentals and royalties at rates of $5 per acre and 162/3 percent, respectively. The $500 administrative fee for the lease has been paid and the lessee has reimbursed the Bureau of Land Management for the cost of publishing this notice.

Having met all the requirements for reinstatement of the lease as set out in section 31(d) and (e) of the Mineral Leasing Act of 1920 (30 U.S.C. 188), the Bureau of Land Management is proposing to reinstate the leases, effective May 1, 2007, subject to the original terms and conditions of the lease and the increased rental and royalty rates cited above.