Notice of Proposed Reinstatement of Terminated Oil and Gas Lease MTM 98343

Samenvatting

Per 30 U.S.C. 188(d), Kykuit Resources, LLC timely filed a petition for reinstatement of competitive oil and gas lease MTM 98343, Fergus County, Montana. The lessee paid the required rental accruing from the date of termination. No leases were issued that affect these lands. The lessee agrees to new lease terms for rentals and royalties of $10 per acre and 16-2/3 percent. The lessee paid the $500 administration fee for the reinstatement of the lease and the $163 cost for publishing this Notice. The lessee met the requirements for reinstatement of the lease per Sec. 31(d) and (e) of the Mineral Leasing Act of 1920 (30 U.S.C. 188). We are proposing to reinstate the lease, effective the date of termination subject to: The original terms and conditions of the lease; The increased rental of $10 per acre; The increased royalty of 16-2/3 percent; and The $163 cost of publishing this Notice.