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Form BOEM-2005 Oil and Gas Lease of Submerged Lands Under the Outer Continental Shelf Lands Act
What Is Form BOEM-2005?
This is a legal form that was released by the U.S. Department of the Interior - Bureau of Ocean Energy Management on February 1, 2017 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is BOEM-2005?
A: BOEM-2005 is a form used for leasing oil and gas rights on submerged lands under the Outer Continental Shelf Lands Act.
Q: What is the Outer Continental Shelf Lands Act?
A: The Outer Continental Shelf Lands Act is a law that governs the leasing and development of oil and gas resources on the outer continental shelf of the United States.
Q: What are submerged lands?
A: Submerged lands refer to the areas of land that are underwater, including the ocean floor and the subsoil beneath it.
Q: What is the purpose of the BOEM-2005 form?
A: The purpose of the BOEM-2005 form is to establish the terms and conditions for leasing oil and gas rights on submerged lands.
Q: Who uses the BOEM-2005 form?
A: The BOEM-2005 form is used by individuals or companies interested in leasing oil and gas rights on submerged lands.
Q: What information is required on the BOEM-2005 form?
A: The BOEM-2005 form requires information such as the applicant's name, contact details, proposed lease area, and a description of the proposed work.
Q: Are there any fees associated with the BOEM-2005 form?
A: Yes, there are fees associated with the BOEM-2005 form, including rental fees and royalty payments.
Q: Is the BOEM-2005 form specific to a certain region?
A: No, the BOEM-2005 form is used for leasing oil and gas rights on submerged lands across the Outer Continental Shelf of the United States.
Q: Can the BOEM-2005 lease be transferred or assigned to another party?
A: Yes, the BOEM-2005 lease can be transferred or assigned to another party with the approval of the Bureau of Ocean Energy Management.
Q: What happens if a lease is not developed?
A: If a lease is not developed, the lease may be terminated and the lessee may be subject to penalties or forfeiture.
Form Details:
- Released on February 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 printable version of Form BOEM-2005 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-2005 Oil and Gas Lease of Submerged Lands Under the Outer Continental Shelf Lands Act
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