§556.601 — How may I maintain my oil and gas lease beyond the primary term? You may maintain your oil and gas lease beyond the expiration of the primary term as long as:
(a) You are producing oil or gas in paying quantities; |
(b) You are conducting approved drilling or well reworking operations with the objective of establishing production in paying quantities, in accordance with 30 CFR 250.180; |
(c) You are producing from, or drilling or reworking, an approved well adjacent to or adjoining your lease that extends directionally into your lease in accordance with 30 CFR 256.71; |
(d) You make compensatory payments on your lease in accordance with 30 CFR 256.72; |
(f) Your lease is subject to a suspension of production or a suspension of operations, in accordance with 30 CFR 250.168 through 250.180, for reasons other than gross negligence or a willful violation of a provision of your lease or any governing regulations. |