Federal Register #2026-08563

Proposed Reinstatement of Terminated Oil and Gas Leases in New Mexico

This notice from the Bureau of Land Management (BLM) addresses the proposed reinstatement of two terminated oil and gas leases in New Mexico: - Government Buyer: - Bureau of Land Management (BLM), U.S. Department of the Interior - Lessee/Vendor: - R & R Royalty Ltd - Products/Services Requested: - No new products or services are being procured; the notice concerns the reinstatement of existing oil and gas leases (NMNM128371 and NMNM128376) - Lease Details: - Leases located in Rio Arriba County, New Mexico - Lessee has paid all required rentals and administrative fees - Amended lease terms include: - Increased rental rate: $20 per acre per year - Increased royalty rate: 20 percent - Reinstatement period: up to 2 years, subject to original and amended terms - Unique/Notable Requirements: - No new leases have been issued affecting these lands - Reinstatement is subject to both original and amended lease conditions - Notice is informational; not a solicitation for goods or services

Description

The Bureau of Land Management (BLM) received petitions for reinstatement of terminated competitive oil and gas leases NMNM128371 and NMNM128376 from R & R Royalty Ltd. The lessee timely filed petitions for reinstatement of the competitive oil and gas leases located in Rio Arriba County, New Mexico, and paid the required rentals accruing from the date of termination. No leases have been issued that affect these lands. The BLM proposes to reinstate the leases effective July 1, 2021, for no greater than 2 years, subject to original and amended lease terms, increased rental of $20 per acre, and increased royalty of 20 percent.

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