In re Great Plains Petroleum, Inc.
Interior Board of Land Appeals
117 IBLA 130 (1990)
Relevant factsFree
Great Plains Petroleum (GPPI) held a federal oil and gas lease that continued so long as it produced in paying quantities; its last producing well stopped in October 1987. The Bureau of Land Management notified GPPI that the lease would terminate unless production resumed within 60 days, and although GPPI said the well was still capable of producing, it was in bankruptcy and unable to restart production within that window, prompting BLM to declare the lease terminated.
IssueFree
Whether an oil and gas lease of federal land in its extended term terminates by operation of law when paying production ceases, unless an exception is met.
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