StacksVerified U.S. regulatory reference

43 CFR §3207.5

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
Your lease may include a number of different time periods. Not every time period applies to every lease. These periods include:
  1. (a)A primary term consisting of:
    1. (1)Ten years;
    2. (2)An initial extension of the primary term for up to 5 years;
    3. (3)An additional extension of the primary term for up to 5 years;
  2. (b)A drilling extension of 5 years under § 3207.14;
  3. (c)A production extension of up to 35 years; and
  4. (d)A renewal period of up to 55 years.