Notice of Revision of Form MMS-2005, Oil and Gas Lease of Submerged Lands Under the Outer Continental Shelf Lands Act

Zusammenfassung

MMS has determined that Form MMS-2005, the lease document, needs revision due to changes in regulations since it was last reviewed in 1986. MMS has revised the form to reflect plain language and has rewritten it for clarity and organization. To reduce the need for future revisions to the document due to changes in regulations, MMS refers the Lessee to applicable laws, and rules and regulations of the Department. Much of the wording of existing Form MMS 2005 that specifically cites, incorporates by reference, or restates statutory and regulatory requirements is therefore deleted from the proposed revision.