43 CFR § 3515.10
May I exchange my lease or lease right for another mineral lease or lease right?
June 11, 2020
Yes. BLM may determine that operations on your lease or lands for which you have a preference right to a lease are not in the public interest. If you or BLM identify other lands for exchange, you may relinquish your current lease or preference right in exchange for a mineral lease of other lands of equal value.