No valid lease has been issued that affects the lands. The lessee agrees to new lease terms for rentals and royalties of $10 per acre, or fraction thereof, per year and 16-2/3 percent, respectively. The lessee paid the required $500 administrative fee for the reinstatement of the lease and $159 cost for publishing this Notice in theFederal Register. The lessee 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. 188). The BLM is proposing to reinstate lease OKNM 119314, effective the date of termination, December 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.