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This version of the form is not currently in use and is provided for reference only. Download this version of
Form BOEM-0152
for the current year.
Form BOEM-0152 Relinquishment of Federal Ocs Oil and Gas Lease
What Is Form BOEM-0152?
This is a legal form that was released by the U.S. Department of the Interior - Bureau of Ocean Energy Management on March 1, 2017 and used country-wide. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Form BOEM-0152?A: Form BOEM-0152 is a document used to relinquish a Federal OCS oil and gas lease.
Q: What does OCS stand for?A: OCS stands for Outer Continental Shelf.
Q: What is the purpose of relinquishing a lease?A: Relinquishing a lease means giving up the rights to explore and develop oil and gas resources on the leased area.
Q: Who can use Form BOEM-0152?A: Any individual or company that is currently holding a Federal OCS oil and gas lease and wants to relinquish it can use this form.
Q: Is there a fee for using Form BOEM-0152?A: Yes, there is a fee associated with the relinquishment process. The specific fee details can be found on the form or by contacting the appropriate authority.
Q: Is relinquishing a lease a common occurrence?A: Relinquishing a lease can happen for various reasons, such as changes in business strategies or the inability to develop the resources. It is not uncommon for leases to be relinquished.
Q: Are there any requirements or restrictions when relinquishing a lease?A: Yes, there may be certain requirements or restrictions that need to be followed when relinquishing a lease. These can vary depending on the specific lease terms and regulations. It is recommended to review the lease agreement and consult with the appropriate authorities for guidance.
Q: What happens after a lease is relinquished?A: After a lease is relinquished, the leased area may become available for re-leasing by the government. This allows other interested parties to submit bids for the lease and continue with oil and gas exploration and development.
Form Details:
- Released on March 1, 2017;
- The latest available edition released by the U.S. Department of the Interior - Bureau of Ocean Energy Management;
- Easy to use and ready to print;
- Yours to fill out and keep for your records;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form BOEM-0152 by clicking the link below or browse more documents and templates provided by the U.S. Department of the Interior - Bureau of Ocean Energy Management.
Download Form BOEM-0152 Relinquishment of Federal Ocs Oil and Gas Lease
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