Notice of Proposed Reinstatement of Terminated Oil And Gas Lease

摘要

Under Pub. L. 97-451, the lessee timely filed a petition for reinstatement of oil and gas lease MTM 89255, Sweet Grass County, Montana . The lessee paid the required rental accruing from the date of termination. We haven't issued any leases affecting the lands. The lessee agrees to new lease terms for rentals and royalties of $5 per acre and 16\2/3\ percent respectively. The lessee paid the $500 administration fee for the reinstatement of the lease and $125 cost for publishing this Notice. The lessee has met the requirements for reinstatement of the lease per Sec. 31 (d) and (e) of the Mineral Lands 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 $5 per acre; The increased royalty of 16\2/3\ percent.