30 U.S.C. § 1009 : US Code - Section 1009: Relinquishment of geothermal rights
Search 30 U.S.C. § 1009 : US Code - Section 1009: Relinquishment of geothermal rights
The holder of any geothermal lease at any time may make and file
in the appropriate land office a written relinquishment of all
rights under such lease or of any legal subdivision of the area
covered by such lease. Such relinquishment shall be effective as of
the date of its filing. Thereupon the lessee shall be released of
all obligations thereafter accruing under said lease with respect
to the lands relinquished, but no such relinquishment shall release
such lessee, or his surety or bond, from any liability for breach
of any obligation of the lease, other than an obligation to drill,
accrued at the date of the relinquishment, or from the continued
obligation, in accordance with the applicable lease terms and
regulations, (1) to make payment of all accrued rentals and
royalties, (2) to place all wells on the relinquished lands in
condition for suspension or abandonment, and (3) to protect or
restore substantially the surface and surface resources.
Next »
Suspension of operations and production