No valid lease has been issued that affects the lands. The lessees agree to new lease terms for rentals and royalties of $10 per acre or a fraction thereof, per year, and 16-2/3percent, respectively. The lessees paid the required $500 administrative fee for the reinstatement of the lease and $166 cost for publishing this Notice in theFederal Register. The lessees met all the requirements for reinstatement of the lease as set out in Section 31(d) and (e) of the Mineral Leasing Act of 1920 (30 U.S.C. 88). We are proposing to reinstate lease NMNM 113399, effective the date of termination, March 1, 2011, under the original terms and conditions of the lease and the increased rental and royalty rates cited above.
Land Law Examiner, Fluids Adjudication Team.