Notice of Proposed Reinstatement of Terminated Oil and Gas Leases NDM 94247, NDM 94249, and NDM 94263

Resumo

Per 30 U.S.C. 188(d), Pride Energy Company timely filed a petition for reinstatement of competitive oil and gas leases NDM 94247, NDM 94249, and NDM 94263, Billings County, ND. 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, $10 per acre and 16\2/3\ percent respectively. The lessee paid the $500 administration fee for the reinstatement of the lease and $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; and The increased royalty of 16\2/3\ percent.