43 CFR §3903.51
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
- (a)Each lease must meet its minimum annual production amount of shale oil or make a payment in lieu of production for any particular lease year, beginning with the 10th lease year.
- (b)The minimum payment in lieu of annual production is established in the lease and will not be less than $4 per acre or fraction thereof per year, payable in advance. Production royalty payments will be credited to payments in lieu of annual production for that year only.