Proposed Reinstatement of BLM New Mexico Terminated Oil and Gas Lease: NMNM105294482
Primary source
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Issuing agencies
Abstract
In accordance with the Mineral Leasing Act of 1920, as amended, the Bureau of Land Management (BLM) received a petition for reinstatement of terminated competitive oil and gas lease NMNM105294482 from FAE II LLC (lessee). The lessee timely filed a petition for reinstatement of the competitive oil and gas lease located in Lea County, New Mexico. The lessee paid the required rental accruing from the date of termination. No leases have been issued that affect these lands. The BLM proposes to reinstate the lease.
Full Text
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<title>Federal Register, Volume 91 Issue 82 (Wednesday, April 29, 2026)</title>
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[Federal Register Volume 91, Number 82 (Wednesday, April 29, 2026)]
[Notices]
[Page 23111]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-08330]
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DEPARTMENT OF THE INTERIOR
Bureau of Land Management
[A2407-014-004-065516; #O2509-014-004-125222; LLNM922000]
Proposed Reinstatement of BLM New Mexico Terminated Oil and Gas
Lease: NMNM105294482
AGENCY: Bureau of Land Management, Interior.
ACTION: Notice of lease reinstatement.
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SUMMARY: In accordance with the Mineral Leasing Act of 1920, as
amended, the Bureau of Land Management (BLM) received a petition for
reinstatement of terminated competitive oil and gas lease NMNM105294482
from FAE II LLC (lessee). The lessee timely filed a petition for
reinstatement of the competitive oil and gas lease located in Lea
County, New Mexico. The lessee paid the required rental accruing from
the date of termination. No leases have been issued that affect these
lands. The BLM proposes to reinstate the lease.
FOR FURTHER INFORMATION CONTACT: Ross Klein, Natural Resource
Specialist, Branch of Fluid Minerals, Bureau of Land Management New
Mexico State Office, 301 Dinosaur Trail, Santa Fe, New Mexico 87508,
(505) 954-2143, <a href="/cdn-cgi/l/email-protection#1260797e777b7c52707e7f3c757d64"><span class="__cf_email__" data-cfemail="790b12151c1017391b1514571e160f">[email protected]</span></a>. Individuals in the United States who
are deaf, deafblind, hard of hearing, or have a speech disability may
dial 711 (TTY, TDD, or TeleBraille) to access telecommunications relay
services. Individuals outside the United States should use the relay
services offered within their country to make international calls to
the point-of- contact in the United States.
SUPPLEMENTARY INFORMATION: The lessee agrees to new lease terms for
rental of $20 per acre, or fraction thereof, per year, and a royalty
rate of 22.75 percent. The lessee agreed to amended lease notices. The
lessee paid the required administration fee and has reimbursed the BLM
for the cost of publishing this notice.
The lessee meets 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). The BLM is proposing to reinstate lease NMNM105294482, effective
September 1, 2023, for the remainder of the primary term, subject to:
the original terms and conditions of the lease; amended lease notices;
increased rental of $20 per acre; and increased royalty of 22.75
percent.
(Authority: 30 U.S.C. 188(e)(4) and 43 CFR 3108.23)
Michael J. Gibson,
Deputy State Director, Minerals.
[FR Doc. 2026-08330 Filed 4-28-26; 8:45 am]
BILLING CODE 4331-23-P
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</html>This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.