43 CFR 3207.10 : Public Lands: Interior (§ 1.1 To Parts 10011-10099) — (Parts 1000-1599 To Parts 10011-10099) — Regulations Relating To Public Lands (Continued) (Parts 1000-1599 To Parts 10011-10099) — Bureau Of Land Management, Department Of The Interior (Parts 1000-1599 To Parts 9261-9999) — Minerals Management (3000) (§ 3000.0-5 To § 3936.40) — Geothermal Resource Leasing (§ 3200.1 To § 3279.11) — Lease Terms And Extensions (§ 3207.5 To § 3207.18) — What is the primary term of my lease?

(a) Leases have a primary term of 10 years.

(b) BLM will extend the primary term for 5 years if:

(1) By the end of the 10th year of the primary term in paragraph (a), you have satisfied the requirements in § 3207.11; and

(2) At the end of each year after the 10th year of the lease, you have satisfied the requirements in § 3207.12(a) or (d) for that year.

(c) BLM will extend the primary term for 5 additional years if:

(1) You satisfied the requirements of § 3207.12(b) or (d); and

(2) At the end of each year of the second 5-year extension you satisfy the requirements in § 3207.12(c) or (d) for that year.

(d) If you do not satisfy the annual requirements during the initial or additional extension of your primary term, your lease terminates or expires.